CUET Accountancy - In the absence of any information regarding the acquisition of shares in profit of the retiring/deceased partner by the remaining partners, it is assumed that they will acquire his share in: | PYQs + Solutions

CUET Accountancy 2025 13 May Shift 1

Partnership

Easy

Old profit sharing ratio

New profit sharing ratio

Equal ratio

Sacrificing Ratio

✅ Correct Option: 1

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13 May Shift 2

The sum due to the retiring partner and to the legal representatives/executors (in case of death) includes the following, in addition to credit balance of his capital/current A/c, share of goodwill, gain on revaluation of assets and liabilities.

27 May Shift 1

Murli, Naveen and Omprakash are partners sharing profits in the ratio of 3 /8 , 1/2 and 1/8 . Murli retires and surrenders 2/3rd of his share in favour of Naveen and the remaining share in favour of Omprakash. The gaining ratio of the remaining partners is-

15 May Shift 1

Rana, Sana and Kamana are partners, sharing profits in the ratio 4:3:2. Rana retires; Sana and Kamana decided to share profits in the future in the ratio of 5:3. The Gaining Ratio of Sana and Kamana will be

CUET Accountancy 2025 13 May Shift 1 PYQs

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