CUET Accountancy - Rohit and Mohit are partners in a firm sharing profits in the ratio of 5:3. They admitted Bijoy as a new partner for 1/7th share in the profit. The new profit sharing ratio will be 4:2:1. What will be the sacrificing ratio of Rohit and Mohit? | PYQs + Solutions

CUET Accountancy 2025 30 May Shift 2

Partnership

Medium

common

3:5

2:5

3:6

4:7

✅ Correct Option: 1

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If a new partner does not bring his share of goodwill in cash, the following treatment shall be made

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Asset A/c Dr.

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Choose the correct answer from the options given below:

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On the admission of a new partner, an increase in the value of assets is debited to:

CUET Accountancy 2025 30 May Shift 2 PYQs