Question:
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
Match LIST I with LIST II
Choose the correct answer from the options given below
LIST 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 |
Updated On: Mar 12, 2025
- (A)-(IV), (B)-(III), (C)-(I), (D)-(II)
- (A)-(III), (B)-(IV), (C)-(I), (D)-(II)
- (A)-(III), (B)-(IV), (C)-(II), (D)-(I)
- (A)-(IV), (B)-(III), (C)-(II), (D)-(I)
Hide Solution
Verified By Collegedunia
The Correct Option is D
Solution and Explanation
The correct option is (D) :(A)-(IV), (B)-(III), (C)-(II), (D)-(I)
Was this answer helpful?
0
0
Top Questions on Profit sharing ratio
- Emily, Farida and Gauri were partners in a firm sharing profits and losses in the ratio of 4:3:1. Farida was guaranteed Rs 35,000 as her share in the profits in the firm. Any deficiency arising on that account was to be met by Emily. The firm earned a profit of Rs 80,000 for the year ended 31st March 2024. The profit credited to Farida's capital account was:
- CBSE CLASS XII - 2025
- Accountancy
- Profit sharing ratio
- S and T are partners in a firm sharing profits in the ratio of 3:2. They admit U as a new partner. S surrenders \(\frac{1}{4}\) of his share and T surrenders 1/3 of his share in favour of U. Sacrificing ratio of S and T will be:
Choose the correct answer from the options given below:- CUET (UG) - 2024
- Accountancy
- Profit sharing ratio
From the following details, calculate the interest coverage ratio:
- Net Profit after tax: 1,80,000
- Long-term debt: 20,00,000
- Interest rate: 15\(\%\)
- Tax rate: 40\(\%\)
- CUET (UG) - 2024
- Accountancy
- Profit sharing ratio
- Gori and Sori share profits in the ratio of 3:2. Hori was admitted as a partner who gets a \(\frac{1}{5}\) share, which Hori acquires \(\frac{3}{20}\)from Gori and \(\frac{1}{20}\) from Sori. The new profit sharing ratio of Gori, Sori, and Hori would be:
- CUET (UG) - 2024
- Accountancy
- Profit sharing ratio
- A starts a business with ₹ 42,000 and is joined afterwards by B with ₹ 72,000. After how many months did B join if the profits at the end of the year are divided equally?
- NIFT - 2024
- Quantitative Aptitude
- Profit sharing ratio
View More Questions
Questions Asked in CUET exam
- The corner points of the feasible region determined by $x + y \leq 8$, $2x + y \geq 8$, $x \geq 0$, $y \geq 0$ are $A(0, 8)$, $B(4, 0)$, and $C(8, 0)$. If the objective function $Z = ax + by$ has its maximum value on the line segment $AB$, then the relation between $a$ and $b$ is:
- CUET (UG) - 2024
- Linear Programmig Problem
- If the value of the investment multiplier is 5, and the increased income is ₹800 crore, find the change in investment.
- CUET (UG) - 2024
- Return on investment
- Match List-I with List-II:Choose the correct answer from the options given below:
List-I
List-II
A Megaliths (I) Decipherment of Brahmi and Kharoshti B James Princep (II) Emerged in first millennium BCE C Piyadassi (III) Means pleasant to behold D Epigraphy (IV) Study of inscriptions - CUET (UG) - 2024
- Political and Economic History
- From the given options, which pass connects Jammu with Srinagar?
- CUET (UG) - 2024
- Static GK
- In a square, the lengths of the diagonals are $(4k + 6)$ cm and $(7k - 3)$ cm. What is the area of the square (in cm²)?
- CUET (UG) - 2024
- Geometry
View More Questions