CUET Accountancy - On retirement/death of a partner, the retiring/deceased partner's capital account will be credited with: | PYQs + Solutions

CUET Accountancy 2025 3 June Shift 2

Partnership

Easy

common

His/her share of goodwill.

Goodwill of the firm.

Shares of goodwill of remaining partners.

Goodwill of the another firm.

✅ Correct Option: 1

Related questions:

13 May Shift 1

Steps involved in accounting treatment at the time of death of a partner -

(A) Preparation of deceased partner's capital account

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

(D) Settlement by making payment to deceased partner's executor.

Choose the correct answer from the options given below:

27 May Shift 1

Gaining share of Continuing Partner =

29 May Shift 2

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

CUET Accountancy 2025 3 June Shift 2 PYQs