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

To solve the given matching problem, we need to correctly pair each item in List I with its corresponding description in List II. The solution requires us to recognize the appropriate relation based on the context or definitions related to Accountancy.

By examining both lists, we identify the following correlations:

• A matches with Description II.
• B matches with Description III. 
• C matches with Description I.
• D matches with Description IV.

 

Thus, aligning these pairs with the options provided in the question, we find that the correct matching order is A-II, B-III, C-I, D-IV.

Answer 2

Step 1: Understand the terms
Sacrificing Ratio is the loss in profit share, calculated as \( \text{Old Ratio} - \text{New Ratio} \) (matching with II).
New Ratio is the revised profit-sharing ratio after change (matching with III, since "Old Ratio + Gaining Ratio" relates to the new ratio).
Gaining Ratio is the increase in profit share, calculated as \( \text{New Ratio} - \text{Old Ratio} \) (matching with I).
Value of goodwill is calculated by multiplying average profit by the number of years’ purchase (matching with IV).

Step 2: Match List I and List II accordingly
A matches II
B matches III
C matches I
D matches IV

Step 3: Conclusion
Therefore, option (A) is correct.