Question

Match the columns: 
               A                                                                  B 
(i) Debentureholders                                 (1) Sacrifice by old partners 
(ii) Loss on Revaluation                             (2) Internal liability 
(iii) Equal profit loss sharing ratio             (3) Creditors of company 
(iv) Loan by partner                                  (4) Owners of company 
(v) Admission of new partner                   (5) Dr. side of capital account 
(vi) Shareholders                                      (6) Absence of partnership deed 
 

Hint:

Always match items based on their fundamental meaning: lenders → creditors, goodwill sacrifice → old partners, and absence of deed → equal sharing.

Answer 1

Debentureholders are lenders of a company who are treated as creditors, so they match with (3). Loss on revaluation is transferred to the debit side of partners' capital accounts because it decreases capital, so it matches with (5). Equal profit and loss sharing ratio applies when there is no partnership deed, thus matching with (6). Loan given by a partner is an internal liability of the firm, hence linked to (2). Admission of a new partner requires old partners to sacrifice part of their share, matching with (1). Shareholders are owners of the company, so they match with (4).