CUET Accountancy - The accumulated profits and reserves are transferred to: | PYQs + Solutions

CUET Accountancy 2025 24 May Shift 1

Partnership

Easy

common

Bank Account

Partners' Capital Accounts

Realisation Account

Partners' Loan Accounts

✅ Correct Option: 2

Related questions:

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Determine the value of firm's goodwill by capitalization of the super profit method if the average profits are Rs 1,00,000, super profits are Rs 18,000 and the normal rate of return is 10%.

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A and B are partners in a firm sharing profits in the ratio 2:1. C is admitted into the firm with 1/4th share in profits and he brings Rs. 30,000 as his capital. If the capitals of A and B are to be adjusted in their profit sharing ratio then the capital of A will be-

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C will withdraw the capital amount after capital are adjusted in the ratio of their respective shares in profits. The amount is:

CUET Accountancy 2025 24 May Shift 1 PYQs

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