Question
Accountancy Question on Profit sharing ratio
Match LIST I with LIST IILIST I
| LIST II
---|---
A| Profit sharing Ratio| I| No payment
B| Interest on partner's Loan | II| With consent of all existing partners
C| Admission of a Partner| III| 6% p.a.
D| Interest on Capital| IV| Equal
Choose the correct answer from the options given below
A
(A)-(IV), (B)-(III), (C)-(I), (D)-(II)
B
(A)-(III), (B)-(IV), (C)-(I), (D)-(II)
C
(A)-(III), (B)-(IV), (C)-(II), (D)-(I)
D
(A)-(IV), (B)-(III), (C)-(II), (D)-(I)
Answer
(A)-(IV), (B)-(III), (C)-(II), (D)-(I)
Explanation
Solution
The correct option is (D) :(A)-(IV), (B)-(III), (C)-(II), (D)-(I)