CUET Accountancy - A, B and C are partners sharing profits in the ratio of 3:2:1. D is admitted into firm for 1/4 th share of profit, which he gets 1/8 from A and 1/8 from B. Calculate new profit sharing ratio of all the partners. | PYQs + Solutions

CUET Accountancy 2023 20 June Shift 2

Partnership

Medium

1:1:1:1

9:5:4:6

9:4:5:6

9:5:6:4

✅ Correct Option: 2

Related questions:

16 May Shift 1

Under which method No. of Year's Purchase are not considered

30 May Shift 1

The profits for the five years of a firm are as follows – year 2013 Rs. 4,00,000;year 2014 Rs. 3,98,000; year 2015 Rs. 4,50,000; year 2016 Rs. 4,45,000 and year 2017 Rs. 5,00,000. Calculate the goodwill of the firm on the basis of a 4-year purchase of 5 years average profits:

20 Aug Shift 2

Valuation of Goodwill takes place on which of the following occasions:

A. Incorporation of a new business

B. Change in profit sharing ratio

C. Amalgamation of partnership firm

D. Admission of a partner

E. Dissolution of firm or closure of business

Choose the correct answer from the options given below:

CUET Accountancy 2023 20 June Shift 2 PYQs

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