CUET Accountancy - The adjustment required for overvaluation of closing stock, while calculating adjusted profit for calculating goodwill is | PYQs + Solutions

CUET Accountancy

Partnership

Medium

(A), (B) and (D) only

(A) and (C) only

(A) and (D) only

(B), (C) and (D) only

✅ Correct Option: 2

Related questions:

3 June Shift 2

The Profit and Loss Appropriation Account is merely an extension of the Profit and Loss Account of the firm, which, among the following, is not shown in the Profit and Loss Appropriation Account?

26 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Bank (fresh capital introduced)	(I) Debit side of Partner's Current Account
(B) Interest on drawings	(II) Debit side of Partner's Capital Account
(C) Bank (permanent withdrawal of capital)	(III) Credit side of Partner's Current Account
(D) Commission	(IV) Credit side of Partner's Capital Account

Choose the correct answer from the options given below:

24 May Shift 1

Which of the following characteristics is highlighted in the statement: "He can bind other partners by his acts and also is bound by the acts of other partners with regard to the business of the firm."

CUET Accountancy PYQs

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