CUET Accountancy - Which of the following would affect the Revaluation Account at the time of admission of a partner? | PYQs + Solutions

CUET Accountancy

Partnership

Easy

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

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

(A), (C) and (D) only

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

✅ Correct Option: 3

Related questions:

27 May Shift 2

The profit for the five years of a firm are as follows:

Calculate goodwill of the firm on the basis of 4 years purchase of 5 years average profits.

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When goodwill has to be inferred from the arrangement of capital and profit sharing ratio, it is called.

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In the case of guarantee of profit ,the sequence of Steps to be followed are.

(A) divide the profit in the given ratio.

(B) prepare profit and loss appropriation account as usual.

(D) find the deficiency.

Choose the correct answer from the options given below:

CUET Accountancy PYQs