CUET Accountancy - Match List-I with List-II | List–I | List–II | | --------------------------- | ---------------------------------------------------- | | (A) Existing Goodwill | (I) no entry passed. | | (B) Goodwill premium | (II) Calculated on the basis of capital of partners. | | (C) Goodwill paid privately | (III) Written off. | | (D) Hidden goodwill | (IV) credited to sacrificing partner. | Choose the correct answer from the options given below: | PYQs + Solutions

CUET Accountancy 2025 3 June Shift 1

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: 4

Related questions:

31 May Shift 1

Rohit and Mohit are partners in a firm sharing profits in the ratio of 5:3. They admit Bijoy as a new partner for 1/7th share in the profits. The new profit sharing ratio will be 4:2:1. The sacrificing ratio of Rohit and Mohit is-

27 May Shift 2

Which of the following statements are correct in respect of goodwill?

(A) the present value of a firm's anticipated excess earnings

(B) the capitalised value attached to the differential profit capacity of a business'.

(D) Any firm that earns normal profits or is incurring losses also has goodwill.

Choose the correct answer from the options given below:

30 May Shift 1

If the premium for goodwill is paid to the old partners directly / privately by the new partner, what journal entry will be recorded in the books of Partnership Firm :-

CUET Accountancy 2025 3 June Shift 1 PYQs

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