CUET Accountancy 2025 27 May Shift 2 PYQs

Sameer and Yasmin are partners with capitals of Rs 15,00,000 and Rs 10,00,000 respectively. They agreed to share profits in the ratio of 3:2. The books are closed on March 31, every year. They admit Ravi on October 1, 2019 in the partnership, who bring Rs 12,00,000 as capital and Sameer also introduced additional capital Rs 3,00,000 on that date. Interest on partner's capital is provided @5% p.a. The amount of interest on the capital of Sameer for the year 2019-20 is-

________ is the value of the reputation of a firm in respect of the profits expected in future over and above the normal profits.

When goodwill has to be inferred from the arrangement of capital and profit sharing ratio, it is called.