CUET Accountancy - A, B and C are partners in a firm. If D is admitted as a new partner then: | PYQs + Solutions

CUET Accountancy 2025 30 May Shift 2

Partnership

Easy

common

Old Firm is Dissolved

old partnership firm is Dissolved

The Old Firm and Old Partnership are both Dissolved

Old Partnership is Reconstituted

✅ Correct Option: 4

Related questions:

13 May Shift 1

A and N are partners, sharing profits in the ratio 2:1. A's son Ashu was admitted as a partner for 1/4th share, half of which was gifted by A to her son. The remaining was contributed by N. The goodwill of the Firm is valued at 40,000. How much amount will be credited to the old partner's capital account for goodwill?

24 May Shift 1

When a new partner is admitted, the increase in the value of the assets is debited to which account?

3 June Shift 1

Arrange the following steps which involve the Super Profits Method of valuation of goodwill in the correct sequence:

(A) Calculate the average profit.

(B) Calculate the normal profit on the firm's capital on the basis of the normal rate of return.

(D) Calculate the super profits by deducting normal profit from the average profits.

Choose the correct answer from the options given below:

CUET Accountancy 2025 30 May Shift 2 PYQs

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