Match the aspect of partner retirement or death with its related detail:
| List I | List II | ||
| A | Reconstitution of a partnership firm | (i) | Outgoing partner has an option to receive either interest @ 6% p.a. or share of profits |
| B | Accounting treatment on retirement vs. death | (ii) | Amount due is transferred to his/her executors |
| C | Settlement of amount due in absence of agreement | (iii) | Leads to the end of the existing partnership deed and framing of a new one |
| D | Claim of a deceased partner | (iv) | Not much difference, main issue is death can occur anytime requiring profit calculation for intervening period |
1
A-(iii), B-(iv), C-(i), D-(ii)
2
A-(iv), B-(iii), C-(i), D-(ii)
3
A-(iii), B-(i), C-(iv), D-(ii)
4
A-(i), B-(iv), C-(iii), D-(ii)