CUET Accountancy - A firm earns a profit in last three years as follows : 2020 - 21 Rs. 75,000 2019 - 20 Rs. 1,20,000 2018 - 19 Rs. 50,000 Additional Information :- Closing stock of 2020 - 21 was undervalued by Rs. 10,000. Calculate the Average Profit. | PYQs + Solutions

CUET Accountancy 2022 20 July Shift 1

Partnership

Medium

Rs. 55,000

Rs. 75,000

Rs. 45,000

Rs. 85,000

✅ Correct Option: 4

Related questions:

16 May Shift 1

There is a need for valuation of goodwill under which of the following cases

(A) Admission of new partner

(B) Retirement of a partner

(D) Amalgamation of partnership firms.

Choose the correct answer from the options given below:

30 Aug Shift 2

Match List I with List II in context of not having partnership deed.

	LIST I		LIST II
A.	Interest on loan	I.	Equal
B.	Interest on drawings	II.	Will not be charged
C.	Salary	III.	@ 6% p.a.
D.	Profit sharing ratio	IV.	Will not be allowed/provided

Choose the correct answer from the options given below:

16 May Shift 1

If the amount is withdrawn at the end of each quarter, the interest is calculated on the total money withdrawn during the year, for a period of _______?

CUET Accountancy 2022 20 July Shift 1 PYQs

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