Accounting · Partnership Accounts
Match the items in List-I with those in List-II and select the correct answer using the choices given below: List-I (A) Partnership Deed (B) Profit Sharing Ratio (C) Guarantee of Profit (D) Indian Partnership Act List-II (I) Written agreement (II) Basis of distribution of profits/losses (III) Minimum assured return to a partner (IV) Applies in the absence of a partnership deed
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A)-(I), (B)-(II), (C)-(III), (D)-(IV)✓
- 2(A)-(II), (B)-(I), (C)-(III), (D)-(IV)
- 3(A)-(I), (B)-(III), (C)-(II), (D)-(IV)
- 4(A)-(IV), (B)-(II), (C)-(III), (D)-(I)
Correct answer
(A)-(I), (B)-(II), (C)-(III), (D)-(IV)
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