CUET Accountancy - A, B and C are partners sharing profits in the ratio of 3:3:4. They decide to share the future profits equally. The sacrifice or gain of partners are: | PYQs + Solutions

CUET Accountancy

Partnership

Easy

A gains 1/30; B gains 1/30; C sacrifices 2/30

A gains 2/30; B gains 1/30; C sacrifices 3/30

A sacrifices 1/30; B gains 3/30; C sacrifices 2/30

A gains 2/30; B gains 3/30; C sacrifices 5/30

✅ Correct Option: 1

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4 June Shift 2

Ram and Laxman started business on 1st Jan 2020 with a capital of Rs 1,20,000 and Rs 80,000 respectively. Ram introduced Rs. 50,000 to the firm on 1st July 2020 as additional capital. If the rate of interest is 15% p.a. Assuming that accounts are closed as per calender year then the Interest payable to Ram on Capital would be:

27 May Shift 2

Identify the true statement in respect of a partnership Firm-

16 May Shift 1

Following are considered as appropriations out of profits

(A) Rent paid to partners

(B) Interest on capital

(D) Commission allowed to partners

Choose the correct answer from the options given below:

CUET Accountancy PYQs

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