CUET Accountancy - The minimum guaranteed amount shall be paid to the new partner when his share of profit as per the profit sharing ratio: | PYQs + Solutions

CUET Accountancy 2025 30 May Shift 2

Partnership

Easy

common

is more than the guaranteed amount

is less than the guaranteed amount

is equal to the guaranteed amount

is not guaranteed by anyone

✅ Correct Option: 2

Related questions:

30 May Shift 2

The important methods of valuation of goodwill are as follows:

(A) Average Profits Method

(B) Normal Profits Method

(D) Capitalization Method

Choose the correct answer from the options given below:

31 May Shift 1

Vijay and Sanjay are partners in a firm sharing profits and losses in the ratio of 3:2. They admitted Ajay into partnership with 1/4th share in profits. Ajay brings in Rs. 30,000 for capital and the requisite amount of premium in cash for goodwill. The goodwill of the firm is valued at Rs. 20,000. The new profit sharing ratio is 2:1:1. The sacrificing ratio of Vijay and Sanjay is:

13 May Shift 2

A and B are partners sharing profits equally with capitals of Rs 45,000 each. They admitted C as a new partner for one-third share in the profit. C brings in Rs 60,000 as his capital. Find the value of Firm Goodwill.

CUET Accountancy 2025 30 May Shift 2 PYQs

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