CUET Accountancy - When a new partner brings his share of goodwill in cash, the amount is credited to- | PYQs + Solutions

CUET Accountancy 2025 27 May Shift 1

Partnership

Easy

common

Premium for goodwill account

New partners capital account

Old partners capital account

Bank account

✅ Correct Option: 1

Related questions:

31 May Shift 1

Anshu and Nitu are partners sharing profits in the ratio of 3:2. They admitted Jyoti as a new partner for 3/10 share which she acquired 2/10 from Anshu and 1/10 from Nitu. The new profit sharing ratio of Anshu, Nitu and Jyoti.

3 June Shift 1

A new partner can be admitted:

4 June Shift 2

Which of the following factors affects the value of goodwill?

(A). Location of Business

(B). Partner's Performance

(C). Nature of Business

(D). Market Situation

Choose the correct answer from the options given below:

CUET Accountancy 2025 27 May Shift 1 PYQs

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