Match the items of List – I (Events) with the items of List – II (Type of Ratio) and indicate the code…

The correct matching is 1-b, 2-a, 3-c, 4-d. On the retirement of a partner, continuing partners compensate the retiring partner for goodwill in the gaining ratio (1-b). On the admission of a partner, existing partners forego a share of profits in the sacrifice ratio (2-a). On the death of a partner, profit earned up to the date of death and accumulated reserves are shared in the existing profit-sharing ratio (3-c). On the insolvency of a partner, under the Garner v. Murray rule, the insolvent partner's capital deficiency is borne by the solvent partners in their capital ratio (4-d).