Question
Accountancy Question on Ratio analysis
| Match List-I with List-II in context of not having partnership deed. | **LIST I ** | LIST II | |
|---|---|---|---|
| (A) | Interest on loan | (I) | Equal |
| (B) | Interest on drawings | (II) | Will not be charged |
| (C) | Salary | (III) | @ 6% p.a. |
| (D) | Profit sharing ratio | (IV) | Will not be allowed/provided |
| Choose the correct answer from the options given below: |
A
A-IV, B-I, C-III, D - II
B
A-III, B-IV, C-II, D-I
C
A-IV, B-III, C-II, D-I
D
A-III, B-II, C-IV, D-I
Answer
A-IV, B-III, C-II, D-I
Explanation
Solution
The correct option is (C): A-IV, B-III, C-II, D-I