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

CUET Accountancy 2025 24 May Shift 1

Partnership

Easy

common

New Profit Sharing Ratio

Old Profit Sharing Ratio

Equal Ratio

Capital sharing ratio

✅ Correct Option: 2

Related questions:

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-

14 May Shift 2

Arrange the following steps involved in various accounting aspects of retirement/death of a partner in a sequence -

(A) Settlement of the amounts due to retired/deceased partner

(B) Ascertainment of new profit sharing ratio and gaining ratio

(D) Revaluation of assets and liabilities

Choose the correct answer from the options given below:

4 June Shift 2

In the event of retirement of partner, following deduction has to be made from his/her share.:

CUET Accountancy 2025 24 May Shift 1 PYQs

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