CUET Accountancy - Naveen, Suresh and Tarun are partners, sharing profits and losses in the ratio of 5:3:2. Suresh retires from the firm and his share was acquired by Naveen and Tarun in the ratio of 2:1. Calculate the new share of profit : | PYQs + Solutions

CUET Accountancy 2025 3 June Shift 1

Partnership

Medium

common

3:7

5:7

7:3

9:5

✅ Correct Option: 3

Related questions:

13 May Shift 1

On the Death of a Partner, which account is debited for his/her share of profit for the intervening period, i.e., the period from date of the last balance sheet till the date of the partner's death:

13 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Gaining Ratio	(I) An advantage of good name, reputation and wide business connections.
(B) New Profit Sharing Ratio	(II) The ratio in which the continuing partners have acquired the share from the retiring/deceased partner
(C) Sacrificing Ratio	(III) The ratio in which the remaining partners will share future profits after the retirement or death of any partner
(D) Goodwill	(IV) The ratio in which the old partners agree to sacrifice their share of profit in favour of the incoming partner

Choose the correct answer from the options given below:

24 May Shift 1

A, B and C are partners in a firm. On retirement/death of C, his capital account will be credited with:

CUET Accountancy 2025 3 June Shift 1 PYQs

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