CUET Accountancy - Arrange the various accounting aspects involved on retirement or death of a partner- (A) Ascertainment of share of profit or loss up to the date of retirement/death (B) Ascertainment of new profit sharing ratio and gaining ratio (C) Distribution of accumulated profits and losses (D) Settlement of the amounts due to retired/deceased partner Choose the correct answer from the options given below: 1. (B), (C), (D), (A) 2. (B), (C), (A), (D) 3. (B), (A), (D), (C) 4. (C), (B), (D), (A) | PYQs + Solutions

CUET Accountancy 2025 27 May Shift 1

Partnership

Medium

common

(B), (C), (D), (A)

(B), (C), (A), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

✅ Correct Option: 2

Related questions:

15 May Shift 1

Asha, Deepa and Lata are partners in a firm sharing profits in the ratio of 3 : 2 : 1. Deepa retires. After making all adjustments relating to revaluation, goodwill, Payment to Deepa and accumulated profit etc., the capital accounts of Asha and Lata showed a credit balance of Rs. 1,60,000 and Rs. 80,000 respectively. It was decided to adjust the capitals of Asha and Lata in their new profit sharing ratio. You are required to calculate the new capitals of the partners i.e Asha and Lata.

14 May Shift 2

Arrange the following steps involved in various accounting aspects of retirement/death of a partner in a sequence -

(A) Settlement of the amounts due to retired/deceased partner

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

(D) Revaluation of assets and liabilities

Choose the correct answer from the options given below:

15 May Shift 1

The sum due to the retiring partner includes :

(A) His share of profits up to the date of retirement.

(B) His share of goodwill;

(D) His share in the gain of revaluation of assets and liabilities;

Choose the correct answer from the options given below:

CUET Accountancy 2025 27 May Shift 1 PYQs

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