CUET Accountancy - Gaining share of Continuing Partner = | PYQs + Solutions

CUET Accountancy 2025 27 May Shift 1

Partnership

Easy

common

Old share - New share

New share + old share

New share – Old share

Old Share + Sacrifice share

✅ Correct Option: 3

Related questions:

3 June Shift 1

Steps involved in accounting treatment at the time of death/retirement of a partner -

(A) Adjustment of capital, if required

(B) Preparation of revaluation account, if required

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

Choose the correct answer from the options given below:

15 May Shift 2

Answer the questions from based on following paragraph

Preeti, Kabir and Shershah are partners in a firm. Kabir retires from the firm. On his date of retirement, Rs 1,00,000 became due to him. Preeti and Shershah promised to pay him in four yearly equal installments plus interest @ 12% p.a. on the unpaid balance every year at the end of the year, to which he agreed.

In case at the time of retirement of Kabir, his share of goodwill is valued at Rs 15,000, then what will be the total value of firm valued goodwill on his retirement?

29 May Shift 2

Executor account is prepared on

CUET Accountancy 2025 27 May Shift 1 PYQs

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