CUET Accountancy - Hem and Nem are partners in a firm sharing profits in the ratio of 3:2. Their capitals were Rs. 80,000 and Rs. 50,000 respectively. They admitted Sam on Jan. 1, 2017 as a new partner for 1/5 share in the future profits. Sam brought Rs. 60,000 as his capital. Calculate the value of the goodwill of the firm if Sam brings his share of goodwill in Cash: | PYQs + Solutions

CUET Accountancy 2025 3 June Shift 2

Partnership

Medium

common

Rs 82,000

Rs 62,000

Rs 22,000

Rs 32,000

✅ Correct Option: Drop

Related questions:

14 May Shift 1

Which Factor does not Affect the Value of Goodwill:

30 May Shift 2

At the time of admission of a new partner, general reserve appearing in the old balance sheet is transferred to:

13 May Shift 1

A and N are partners, sharing profits in the ratio 2:1. A's son Ashu was admitted as a partner for 1/4th share, half of which was gifted by A to her son. The remaining was contributed by N. The goodwill of the Firm is valued at 40,000. How much amount will be credited to the old partner's capital account for goodwill?

CUET Accountancy 2025 3 June Shift 2 PYQs

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