CUET Accountancy - 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: | PYQs + Solutions

CUET Accountancy 2025 29 May Shift 2

Partnership

Medium

common

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

✅ Correct Option: 2

Related questions:

30 May Shift 2

A, B and C are partners in a firm. If D is admitted as a new partner then:

4 June Shift 2

A and B are partners sharing profits in the ratio of 2:1. C is admitted into the firm for 1/4 share of profits. C brings in Rs. 20,000 in respect of his capital. The capitals of old partners A and B, after all adjustments relating to goodwill, revaluation of assets and liabilities, etc., are Rs. 45,000 and Rs. 15,000 respectively, It is agreed that partners' capitals should be according to the new profit sharing ratio. A's Capital in the new firm will be:

24 May Shift 1

Match List-I with List-II

List-I	List-II
Revaluation of assets and reassessment of liabilities at the time of admission of a new partner	Journal Entry
(A) For increase in the value of an asset	(I) Revaluation A/c Dr. To Asset A/c
(B) For reduction in the amount of a liability	(II) Revaluation A/c Dr. To Liability A/c
(C) For reduction in the value of an asset	(III) Asset A/c Dr. To Revaluation A/c
(D) For appreciation in the amount of a liability	(IV) Liability A/c Dr. To Revaluation A/c

Choose the correct answer from the options given below:

CUET Accountancy 2025 29 May Shift 2 PYQs

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