Question

Match List I with List II:

Choose the correct answer from the options given below:

• A. A-II, B-III, C-I, D-IV
• B. A-III, B-I, C-II, D-IV
• C. A-II, B-I, C-III, D-IV
• D. A-I, B-III, C-II, D-IV

Hint:

Sacrificing ratio = Old Ratio – New Ratio; Gaining ratio = New Ratio – Old Ratio; Goodwill = Average profit × years purchase.

Answer 1

The Correct Option is A

Explanation:

List I	List II
A	Description II
B	Description III
C	Description I
D	Description IV

The objective is to match each item from List I with its correct description in List II. This requires identifying the relevant relationships within Accountancy.

The identified correlations are:

• A corresponds to Description II.
• B corresponds to Description III.
• C corresponds to Description I.
• D corresponds to Description IV.

Therefore, the correct matching order, based on the provided options, is A-II, B-III, C-I, D-IV.