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CUET Accountancy 2023 PYQs11 June Shift 3. Free, no login required.

Partnership

past year questions, CUET Accountancy 2023 11 June Shift 3

Retirement/Death

past year questions, Partnership, CUET Accountancy 2023 11 June Shift 3

Easy

Deepali, Nimisha and Sonam were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Nimisha retired and the new profit sharing ratio between Deepali and Sonam was 2 : 3, On Nimisha's retirement, the goodwill of the firm was valued at Rs. 1,20,000.

Using the information given in above case study, Nimisha's sacrifice of goodwill will be :

Solution

✅ Correct Option: 3

Nimisha (retiring partner) sacrifices her entire share of 3/10.

Amount of sacrifice in goodwill = 3/10 of 1,20,000 = 36,000.

More from this set:

Question 41

From the above information, calculate share of Deepali's sacrifice or gain :

Question 42

From the information provided in the case study, calculate Sonam's sacrifice or gain :

Question 43

Using the information given in the case study, calculate Deepali's amount of sacrifice or gain in Goodwill.

Question 45

If information provided in the case study is used, the sacrifice or gain of Sonam share of goodwill will be :

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CUET Accountancy Past Year Questions (Topic-Wise)