CUET Accountancy - On retirement / death of a partner, the remaining partners who have gained due to the change in profit sharing ratio should compensate the: | PYQs + Solutions

CUET Accountancy 2025 13 May Shift 1

Partnership

Medium

Retiring partners only

Remaing Partners (who have sacrificed) as well as retiring partners

Remaing Partners only( who have sacrificed)

None of the partners

✅ Correct Option: 2

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27 May Shift 2

K, N and P are partners sharing profits and losses in the ratio of 4 : 3 : 2. N retires and the goodwill is valued at Rs. 72,000. K and P decided to share future profits and losses in the ratio of 5 : 3. Identify the correct journal entry in this scenario.

22 May Shift 1

R, S and K are partners sharing profits in the ratio 8:6:4. On the retirement of R, the new profit sharing ratio between S and K was decided to be 5:3. The Gaining ratio is -

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Hanny, Pammy and Sunny are partners sharing profits in the ratio of 3 : 2 : 1. Goodwill is appearing in the books at a value of Rs. 60,000. Pammy retires and at the time of Pammy's retirement, goodwill is valued at Rs. 84,000. Hanny and Sunny decided to share future profits in the ratio of 2:1. Pammy's share of current value of goodwill is-

CUET Accountancy 2025 13 May Shift 1 PYQs

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