CUET Accountancy - Sunil and Ravi are partners in a firm sharing profits in the ratio of 3:1. Amar is admitted for 1/4 share. The Sacrificing ratio of Sunil and Ravi is | PYQs + Solutions

CUET Accountancy 2022 16 July Shift 2

Partnership

Easy

1:3

4:3

3:1

1:4

✅ Correct Option: 3

Related questions:

20 Aug Shift 2

For computing Goodwill by capitalisation of Average Profit method, the following sequence would be followed:

A. Capitalise the average profit on the basis of Normal Rate of Return

B. Ascertain the firm's Capital - Total Assets - Outside Liabilities

C. Ascertain the average profits based on past years' performance

D. Compute the volume of Goodwill

Choose the correct answer from the options given below:

13 May Shift 1

R and S are partners in a firm sharing profits in the ratio of 5:3. They admitted B as a new partner for 1/7th share in the profit. The new profit sharing ratio will be 4:2:1. The sacrificing ratio of R and S is:

20 July Shift 1

Match List - I with List - II.

List - I	List - II
(a) Building undervalued	(i) Credited to Partner's Capital Account
(b) Building overvalued	(ii) Credited to Revaluation Account
(c) Capital withdrawn	(iii) Debited to Revaluation Account
(d) Additional capital introduced	(iv) Debited to Partner's Capital Account

Choose the correct answer from the options given below :

CUET Accountancy 2022 16 July Shift 2 PYQs

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