Q755
Match the following: List-I List-II a. A new partner can be admitted with the consent of . . . . . . . . existing partners. 1. current b. Increase in liability at the time of retirement is debited to . . . . . . . . account. 2. all c. Buying and selling is . . . . . . . . power of partners. 3. revaluation d. The . . . . . . . . account of partner may have a debit or credit balance. 4. implied
Match the following:
| List-I | List-II |
| a. A new partner can be admitted with the consent of . . . . . . . . existing partners. | 1. current |
| b. Increase in liability at the time of retirement is debited to . . . . . . . . account. | 2. all |
| c. Buying and selling is . . . . . . . . power of partners. | 3. revaluation |
| d. The . . . . . . . . account of partner may have a debit or credit balance. | 4. implied |
A.
a-4, b-1, c-2, d-3
B.
a-1, b-3, c-4, d-2
C.
a-2, b-4, c-1, d-3
D.
a-2, b-3, c-4, d-1
AnswerAnswer: Option D
Solution
Answer: Option D
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