CUET Accountancy - The ratio in which the contributing partners have acquired the share from the retiring/deceased partner is called: | PYQs + Solutions

CUET Accountancy 2025 27 May Shift 2

Partnership

Easy

common

New profit sharing ratio

Gaining ratio

Sacrificing ratio

Old profit sharing ratio

✅ Correct Option: 2

Related questions:

22 May Shift 1

At the time of retirement of a partner, undistributed profits appearing in the balance sheet of the old firm is transferred to the capital account of:

31 May Shift 1

On the death of an existing partner, in case the value of a Liability decreases then which account will be debited?

27 May Shift 2

K, N and P are partners sharing profits and losses in the ratio of 4 : 3 : 2. N retires and the goodwill is valued at Rs. 72,000. K and P decided to share future profits and losses in the ratio of 5 : 3. Identify the correct journal entry in this scenario.

CUET Accountancy 2025 27 May Shift 2 PYQs

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