CUET Accountancy - 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. | PYQs + Solutions

CUET Accountancy 2025 13 May Shift 2

Partnership

Medium

Rs 1,80,000

Rs 1,50,000

Rs 90,000

Rs 30,000

✅ Correct Option: 4

Related questions:

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Which account is credited if the value of net assets exceeds purchase consideration at the time of purchase of business?

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

29 May Shift 2

Match List-I with List-II

List-I	List-II
(Items to be adjusted on admission)	(side of account.)
(A) Existing goodwill	(i) Debit of capital account.
(B) Increase in value of assets.	(ii) Debit of revaluation account.
(C) Decrease in value of assets.	(iii) Credit of revaluation account.
(D) New partner capital.	(iv) Credit of capital account.

Choose the correct answer from the options given below:

CUET Accountancy 2025 13 May Shift 2 PYQs