CUET Accountancy - Identify the correct sequence where new partner is to bring proportionate capital. A. Calculation of Capital Balance of old partners B. Preparation of Revaluation A/c C. Determination of Revaluation gain/loss D. Presentation of Treatment of Goodwill E. Calculation of Capital to be brought in by the new partner Choose the correct answer from the options given below: | PYQs + Solutions

CUET Accountancy 2023 29 May Shift 2

Partnership

Medium

C, B, D, A, E

D, B, C, E, A

D, C, B, A, E

B, C, D, A, E

✅ 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 :

27 May Shift 1

Arrange the steps involved under the super profit method of calculating goodwill-

(A) Calculate the normal profit on the firm's capital on the basis of the normal rate of return

(B) Calculate the average profit

(D) Calculate the super profits by deducting normal profit from the average profits

Choose the correct answer from the options given below:

15 May Shift 1

The steps involved in calculation of Goodwill under Super Profit method are:

(A) Calculate the super profits by deducting normal profit from the average profits.

(B) Calculate the normal profit on the firm's capital on the basis of the normal rate of return.

(D) Calculate goodwill by multiplying the super profits by the given number of years' purchase.

Choose the correct sequence of steps from the options given below:

CUET Accountancy 2023 29 May Shift 2 PYQs