CUET Accountancy - When a new partner is admitted, the undistributed profits that appear in the balance sheet of the old firm are transferred to the capital account of: | PYQs + Solutions

CUET Accountancy 2025 27 May Shift 2

Partnership

Easy

common

Old partners in new profit sharing ratio

Old partners in old profit sharing ratio

All the partners in the new profit sharing ratio

All the partners in the old profit sharing ratio

✅ Correct Option: 2

Related questions:

29 May Shift 2

Match List-I with List-II

List-I	List-II
(Items to be adjusted on admission)	(side of account.)
(A) Existing goodwill	(i) Debit of capital account.
(B) Increase in value of assets.	(ii) Debit of revaluation account.
(C) Decrease in value of assets.	(iii) Credit of revaluation account.
(D) New partner capital.	(iv) Credit of capital account.

Choose the correct answer from the options given below:

22 May Shift 1

A and B share profits in the ratio of 3:2. C was admitted as a partner who gets 1/5 share. New profit sharing ratio, if C acquires 3/20 from A and 1/20 from B, would be:

3 June Shift 1

Match List-I with List-II

List–I	List–II
(A) Existing Goodwill	(I) no entry passed.
(B) Goodwill premium	(II) Calculated on the basis of capital of partners.
(C) Goodwill paid privately	(III) Written off.
(D) Hidden goodwill	(IV) credited to sacrificing partner.

Choose the correct answer from the options given below:

CUET Accountancy 2025 27 May Shift 2 PYQs

Keyboard Shortcuts