CUET Accountancy - The journal entry for treatment of goodwill, when a new partner brings his share of goodwill in cash and one of the old partners gains, involves the following: | PYQs + Solutions

CUET Accountancy

Partnership

Easy

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

(A), (B) and (C) only

(A), (B), (C) and (D)

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

✅ Correct Option: 2

Related questions:

30 May Shift 2

The important methods of valuation of goodwill are as follows:

(A) Average Profits Method

(B) Normal Profits Method

(D) Capitalization Method

Choose the correct answer from the options given below:

14 May Shift 2

A and B are partners in a firm sharing profits in the ratio 2:1. C is admitted into the firm with 1/4th share in profits and he brings Rs. 30,000 as his capital. If the capitals of A and B are to be adjusted in their profit sharing ratio then the capital of A will be-

13 May Shift 2

Super profit is -

CUET Accountancy PYQs

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