CUET Accountancy - Ram, Karan and Shyam are partners. On retirement of Ram, the goodwill already appears in the Balance Sheet at Rs. 32,000. The goodwill will be written-off. | PYQs + Solutions

CUET Accountancy 2025 24 May Shift 1

Partnership

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By debiting the capital accounts of Ram, Karan and Shyam in their old profit sharing ratio

By debiting the capital accounts of Karan and Shyam in their new profit sharing ratio

By debiting the capital account of Ram from his share of goodwill

By debiting the capital accounts of Karan and Shyam in their old profit sharing ratio

✅ Correct Option: 1

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CUET Accountancy 2025 24 May Shift 1 PYQs

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