CUET Accountancy - A, B and C are partners in a firm. On retirement/death of C, his capital account will be credited with: | PYQs + Solutions

CUET Accountancy 2025 24 May Shift 1

Partnership

Easy

common

His share of goodwill

Share of goodwill of A

Share of goodwill of B

Goodwill of the firm

✅ Correct Option: 1

Related questions:

31 May Shift 1

On the death of an existing partner, in case the value of a Liability decreases then which account will be debited?

29 May Shift 2

In the case of retirement of a partner, the item to be deducted from partner's capital account is.

14 May Shift 1

Which combination of statements are correct about Death of a partner-

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

(B) Preparation of Realization Account

(D) Adjustment of capital, if required

Choose the correct answer from the options given below:

CUET Accountancy 2025 24 May Shift 1 PYQs