CUET Accountancy - The profits of firm for the five years are as follows: | Year | Profit (Rs.) | |---|---| | 2012–13 | 20,000 | | 2013–14 | 24,000 | | 2014–15 | 20,000 | | 2015–16 | 20,000 | | 2016–17 | 16,000 | Calculate the value of goodwill on the basis of three years' purchase of average profits. | PYQs + Solutions

CUET Accountancy 2025 26 May Shift 2

Partnership

Easy

common

Rs. 20,000

Rs. 40,000

Rs. 60,000

Rs. 70,000

✅ Correct Option: 3

Related questions:

14 May Shift 2

Arrange Steps For Capitalisation of Super Profits:

(A) Calculate average profit for the past years, as specified.

(B) Calculate the capital of the firm.

(D) Multiply the super profits with the required rate of return multiplier

(E) Calculate super profits by deducting normal profits from average profits.

Choose the correct answer from the options given below:

30 May Shift 1

Rohit and Mohit are partners in a firm sharing profits in the ratio 5:3. They admitted Bijoy as a new partner for 1/7 share in the profit. The new profit sharing ratio will be 4:2:1. Calculate the sacrificing ratio of Rohit and Mohit

13 May Shift 1

X, Y and Z are partners in a firm. If M is admitted as a new partner, what would be its implication?

CUET Accountancy 2025 26 May Shift 2 PYQs

Keyboard Shortcuts