Match the following:

List-I List-II

a. Interest on partner's capital is chargeable to the extent of available . . . . . . . . 1. competing

b. The amount due to the retiring partner can be made by . . . . . . . . payment method. 2. mutual

c. A partner must not carry on a . . . . . . . . business. 3. profit

d. Partners are . . . . . . . . for each other. 4. lumpsum

A) a-4, b-3, c-1, d-2 B) a-3, b-4, c-1, d-2 C) a-3, b-4, c-2, d-1 D) a-4, b-3, c-2, d-1

Answer & Solution

Correct Answer: Option B

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List-I	List-II
a. Interest on partner's capital is chargeable to the extent of available . . . . . . . .	1. competing
b. The amount due to the retiring partner can be made by . . . . . . . . payment method.	2. mutual
c. A partner must not carry on a . . . . . . . . business.	3. profit
d. Partners are . . . . . . . . for each other.	4. lumpsum