CUET Accountancy - On the admission of a new partner increase in the value of assets is debited to: | PYQs + Solutions

CUET Accountancy 2025 26 May Shift 2

Partnership

Easy

common

Profit and Loss Adjustment account

Assets account

Revaluation Account

Old partner's capital account

✅ Correct Option: 2

Related questions:

13 May Shift 2

Arrange in correct sequence at a time of admission of partner-

(A) Adjustments of capital accounts.

(B) Valuation of goodwill

Choose the correct answer from the options given below:

13 May Shift 2

In this case, Normal profit is -

31 May Shift 1

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-

CUET Accountancy 2025 26 May Shift 2 PYQs

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