CUET Accountancy - The steps involved in the calculation of goodwill under the super profit method are: (A) Calculate goodwill by multiplying the super profit by number of years purchase. (B) Calculate normal profit. (C) Calculate Average Profit (D) Calculate super profit. Choose the correct answer from the options given below: | PYQs + Solutions

CUET Accountancy 2025 29 May Shift 2

Partnership

Easy

common

(A), (B), (C), (D)

(A), (B), (D), (C)

(B), (A), (D), (C)

(C), (B), (D), (A)

✅ Correct Option: 4

Related questions:

3 June Shift 2

Ranjan and Anjan were Partners in a firm sharing profits and losses in 3:2. they admitted Sanjan for 1/4 share of profit on 1 Jan 2024.

Goodwill of the firm will be valued at 3 years purchase of average profit of last 4 years which were

2024: Rs. 80,000

2023: Rs. 1,40,000.

2022: Rs. 2,00,000

2021: Rs. 1,60,000

The goodwill of the reconstituted firm will be

14 May Shift 1

Required capitals of all partners is:

CUET Accountancy 2024 Slot 1

Which of the following would affect the Revaluation Account at the time of admission of a partner?

CUET Accountancy 2025 29 May Shift 2 PYQs