CUET Accountancy - Arrange the following steps in correct sequence in case of retirement of a partner: (A) Adjustment of Capital, if required (B) Ascertain new profit sharing ratio and gaining ratio (C) Distribution of Revaluation/Accumulated profits and losses (D) Undertake revaluation of assets and liabilities Choose the correct answer from the options given below: | PYQs + Solutions

CUET Accountancy 2025 4 June Shift 2

Partnership

Medium

common

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

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

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

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

✅ Correct Option: 3

Related questions:

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:

13 May Shift 1

On retirement / death of a partner, the remaining partners who have gained due to the change in profit sharing ratio should compensate the:

14 May Shift 1

Which combination of statements are correct about Death of a partner-

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

(B) Preparation of Realization Account

(D) Adjustment of capital, if required

Choose the correct answer from the options given below:

CUET Accountancy 2025 4 June Shift 2 PYQs