CUET Accountancy - P, Q and R are partners sharing profits in the ratio of 3:1:1 S admits in the firm for 2/10 share in the future. The sacrificing ratio would be | PYQs + Solutions

CUET Accountancy 2022 15 July Shift 2

Partnership

Medium

3:2:1

1:1:1

2:3:1

1:2:3

✅ Correct Option: 1

Related questions:

11 June Shift 3

Match List - I with List - II.

List - I	List - II
(A) Profits of firm after admission of partner	(I) Sacrificing Ratio
(B) Goodwill brought in by new partner	(II) Old Ratio
(C) Profit on revaluation	(III) Gaining Ratio
(D) Retiring Partner's Share of Goodwill	(IV) New Ratio

Choose the correct answer from the options given below :

26 May Shift 2

Which of the following is not a method of valuation of goodwill?

14 May Shift 1

Arrange the following steps for calculating Goodwill under Capitalisation of Average Profits Method in correct sequence-

(A) Ascertain the actual firm's capital (net assets) by deducting outside liabilities from the total assets.

(B) Compute the value of goodwill by deducting net assets from the capitalised value of average profits.

(D) Capitalize the average profits on the basis of the normal rate of return to ascertain the capitalised value of average profits.

Choose the correct answer from the options given below:

CUET Accountancy 2022 15 July Shift 2 PYQs