CUET Accountancy 2022 20 July Shift 1 PYQs

In the event of the death of a partner, the ratio in which the continuing partners acquire the share from the deceased partner is called .......

P, Q and R share profits equally. At the time of P's retirement, goodwill appears in the books at Rs. 3000. P will be debited with _____ amount for Goodwill share.

R, S and K are partners sharing profits in the ratio 8:6:4. On the retirement of R, the new profit sharing ratio between S and K was decided to be 5:3. The Gaining ratio is -