At the time of admission of partner if goodwill exist in the books of account it will be written off among: Option 1: Old partners in sacrificing ratio Option 2: All the partners in new ratio Option 3: New partners in gaining ratio Option 4: Old partners in old profit sharing ratio

The answer is 'Old partners in old profit sharing ratio'. View full solution:

CUET Accountancy - At the time of admission of partner if goodwill exist in the books of account it will be written off among: | PYQs + Solutions

CUET Accountancy 2022 30 Aug Shift 2

Partnership

Easy

Old partners in sacrificing ratio

All the partners in new ratio

New partners in gaining ratio

Old partners in old profit sharing ratio

✅ Correct Option: 4

Related questions:

28 May Shift 1

While calculating Goodwill under super profit method, the sequence followed is :

(A) Calculation of Super profit

(B) Calculation of Capital Employed

(D) Calculation of Average profit

(E) Calculation of Goodwill

Choose the correct answer from the options given below :

29 May Shift 2

Kim and Sim are partners in a firm sharing profits in 4:3 ratio. They admitted Pim as a new partner for 1/4 share in the profits, which he acquired in the ratio of 3:2 from Kim and Sim. Determine the new profit sharing ratio of the partners.

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A and B are partners in a firm sharing profits in the ratio 2:1. C is admitted into the firm with 1/4th share in profits and he brings Rs. 30,000 as his capital. If the capitals of A and B are to be adjusted in their profit sharing ratio then the capital of A will be-

CUET Accountancy 2022 30 Aug Shift 2 PYQs

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