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\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3
B) A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1
C) A\[\to \]2, B\[\to \]4, C\[\to \]1, D\[\to \]3
D) A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1
Correct Answer: D
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