CUET Accountancy - Rohan, Bharti and Leela are partners. On the retirement of Rohan, the goodwill already appears in the balance sheet at Rs. 24,000. The goodwill will be written-off: | PYQs + Solutions

CUET Accountancy 2025 26 May Shift 2

Partnership

Easy

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By debiting all partners' capital accounts in their old profit-sharing ratio.

By debiting remaining partners' capital accounts in their new profit sharing ratio.

By debiting retiring partners' capital accounts from his share of goodwill.

By debiting the retiring partners' current account from his share of goodwill.

✅ Correct Option: 1

Related questions:

26 May Shift 2

R, S and K are partners sharing profits in the ratio 4:3:2. R retires; S and K decided to share profits in future in the ratio of 5:3. Calculate the Gaining Ratio.

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K, N and P are partners sharing profits and losses in the ratio of 4 : 3 : 2. N retires and the goodwill is valued at Rs. 72,000. K and P decided to share future profits and losses in the ratio of 5 : 3. Identify the correct journal entry in this scenario.

29 May Shift 2

When a partner retires in the middle of the year and his share of profit is calculated based on previous years' profit. Which of the following account is to be debited?

CUET Accountancy 2025 26 May Shift 2 PYQs

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