CUET Accountancy - Steps involved in accounting treatment at the time of death/retirement of a partner - (A) Adjustment of capital, if required (B) Preparation of revaluation account, if required (C) Ascertainment of new profit sharing ratio and gaining ratio (D) Settlement of the amounts due to retired / deceased partner Choose the correct answer from the options given below: | PYQs + Solutions

CUET Accountancy 2025 3 June Shift 1

Partnership

Medium

common

(A), (B), (C), (D)

(C), (B), (A), (D)

(B), (A), (C), (D)

(C), (A), (B), (D)

✅ Correct Option: 2

Related questions:

29 May Shift 2

In the case of retirement of a partner, the item to be deducted from partner's capital account is.

27 May Shift 1

Arrange the various accounting aspects involved on retirement or death of a partner-

(A) Ascertainment of share of profit or loss up to the date of retirement/death

(B) Ascertainment of new profit sharing ratio and gaining ratio

(D) Settlement of the amounts due to retired/deceased partner

Choose the correct answer from the options given below:

(B), (C), (D), (A)
(B), (C), (A), (D)
(B), (A), (D), (C)
(C), (B), (D), (A)

13 May Shift 2

P, Q and R share profits equally. At the time of P's retirement, goodwill appears in the books at Rs. 3000. P will be debited with _____ amount for Goodwill share.

CUET Accountancy 2025 3 June Shift 1 PYQs

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