| (i) | Old Partners | (a) | Premium for Goodwill |
| (ii) | Sacrificing Partners | (b) | Profit of the newly reconstituted firm |
| (iii) | All Partners | (c) | Introduce capital |
| (iv) | New Partner | (d) | Revaluation Profit |
A) (i) d; (ii) a; (iii) b; (iv) c
B) (i) d; (ii) a; (iii) c; (iv) b
C) (i) d; (ii) b; (iii) a; (iv) c
D) (i) d; (ii) b; (iii) c; (iv) a
Correct Answer: A
Solution :
(i) d; (ii) a; (iii) b; (iv) c
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