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CUET Accountancy 2025 PYQs27 May Shift 1. Free, no login required.

Partnership

past year questions, CUET Accountancy 2025 27 May Shift 1

Retirement/Death

past year questions, Partnership, CUET Accountancy 2025 27 May Shift 1

Medium

common

Murli, Naveen and Omprakash are partners sharing profits in the ratio of 3 /8 , 1/2 and 1/8 . Murli retires and surrenders 2/3rd of his share in favour of Naveen and the remaining share in favour of Omprakash. The gaining ratio of the remaining partners is-

Solution

✅ Correct Option: 2

Initial profit sharing ratio:

Murli : Naveen : Omprakash = 38\frac{3}{8} : 12\frac{1}{2} : 18\frac{1}{8}

Converting to simple ratio: 38\frac{3}{8} : 48\frac{4}{8} : 18\frac{1}{8} = 3 : 4 : 1

Murli's share = 38\frac{3}{8}

When Murli retires, he surrenders his share as follows:

  • 23\frac{2}{3}rd of his share → Naveen
  • Remaining 13\frac{1}{3}rd → Omprakash

Share gained by Naveen = 23×38=624=14\frac{2}{3} \times \frac{3}{8} = \frac{6}{24} = \frac{1}{4}

Share gained by Omprakash = 13×38=324=18\frac{1}{3} \times \frac{3}{8} = \frac{3}{24} = \frac{1}{8}

Gaining Ratio = Share gained by Naveen : Share gained by Omprakash

= 14\frac{1}{4} : 18\frac{1}{8}

= 28\frac{2}{8} : 18\frac{1}{8}

= 2 : 1

The gaining ratio represents the proportion in which the remaining partners acquire the retiring partner's share. Here, for every 2 parts gained by Naveen, Omprakash gains 1 part.

Correct Option: 2

Related questions:

2026: 24 May Shift 1

Mohit, Sohan and Rahul are partners sharing profits in the ratio of 2:2:1. Sohan died on 30th September 2025. According to the deed, his legal representatives are entitled to:

(a) Balance in Capital Account :Rs. 60,000

(b) His Share of goodwill is valued at :Rs. 19,200

(c) Share in profits up to the date of death :Rs. 3,200

(d) Interest on capital account @ 12% p.a.

Amount payable to Sohan's Executors A/c will be:

2023: 11 June Shift 3

Using the information given in above case study, Nimisha's sacrifice of goodwill will be :

2025: 3 June Shift 1

In the case of a re-constitution of a partnership firm, if the value of decrease in investment exceeds the Investment Fluctuation Fund, the :-

2026: 24 May Shift 1

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

2026: 19 May Shift 1

S, B and T share profits and losses in the ratio of 3:2:1. On Jan. 1, 2025. S and B agreed to share profit/losses equally on retirement of T. On this date:

  1. Book value of land and building and furniture was Rs. 2,60,000 and Rs. 60,000 respectively and were revalued at Rs. 3,00,000 and Rs. 50,000 respectively;
  2. Rs. 4,000 included in creditors was not likely to be paid;
  3. Rs. 1,000 required for bad debt reserve.

Calculate the revaluation profit or loss from the above information.

2026: 13 May Shift 1

Param, Quasim and Rozi were partners sharing profits in the ratio of their Capital contribution which was Rs. 12,00,000, Rs. 8,00,000 and Rs. 10,00,000 respectively. Their books are closed on 31st March every year. Param dies on 30th September, 2025. Under the partnership deed, deceased partner is entitled to his share of profit/loss from the closing of last balance sheet till the date of death based on the average profits of preceding three years. If profits were 2022 Rs. 1,00,000; 2023 Rs. 1,30,000 (loss); 2024 Rs. 1,95,000 and 2025 Rs. 1,60,000 then Param's share of profit/loss will be :

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