Match the following: List-I List-II a. . . . . . . . . is difference between old ratio and new ratio. 1. Dissolution b. Dissolution of partnership all the partners of firm is called . . . . . . . . of firm 2. Admitted c. A minor can be . . . . . . . . to the benefits. 3. Duties d. Every partner is bound to attend diligently to his . . . . . . . . 4. Sacrificing ratio

a-4, b-3, c-1, d-2
a-4, b-1, c-2, d-3
a-4, b-3, c-2, d-1
a-3, b-4, c-1, d-2

The correct answer is: A. a-4, b-3, c-1, d-2

a. Sacrificing ratio is the difference between old ratio and new ratio. For example, if the old ratio is 1:2 and the new ratio is 2:3, then the sacrificing ratio is 1.
b. Dissolution of partnership all the partners of firm is called dissolution of firm.
c. A minor can be admitted to the benefits of a partnership. However, they cannot be held liable for the debts of the partnership.
d. Every partner is bound to attend diligently to his duties. These duties include:
* Keeping proper books of account
* Attending all meetings of the partners
* Acting in good faith and with due care
* Not competing with the partnership
* Not using partnership property for personal use
* Not taking secret profits

I hope this helps! Let me know if you have any other questions.

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