CUET Accountancy - Keshav, Nirmal and Pankaj are partners sharing profits and losses in the ratio of 4 : 3 : 2. Nirmal retires and the goodwill is valued at Rs. 72,000. Keshav and Pankaj decided to share future profits and losses in the ratio of 5 : 3. Gaining Ratio of Keshav and Pankaj is: | PYQs + Solutions

CUET Accountancy 2025 14 May Shift 1

Partnership

Medium

13/24:11/24

7/1:25/12

11/24:13/24

5/1:27/12

✅ Correct Option: 1

Related questions:

4 June Shift 2

In case of retirement, the profit and loss suspense account is closed by transferring the amount to the _________.

15 May Shift 1

Various accounting aspects involved on death of a partner are as follows:

(A) Adjustment in respect of unrecorded assets and liabilities

(B) Treatment of goodwill

(D) Preparation of Executor's loan A/c

Choose the correct answer from the options given below:

4 June Shift 2

In the event of retirement of partner, following deduction has to be made from his/her share.:

CUET Accountancy 2025 14 May Shift 1 PYQs