CUET Accountancy - Excess value of net assets over purchase consideration at the time of purchase of business is credited to | PYQs + Solutions

CUET Accountancy 2025 14 May Shift 1

Partnership

Easy

General reserve

Capital reserve

Vendors' account

Debenture Redemption reserve

✅ Correct Option: 2

Related questions:

29 May Shift 2

The new partner acquired the rights on admission into the firm. He acquires :

(A) Rights in past profits of firm before admission.

(B) Right to share in the future profits of the firm.

(D) The right to carry on competing business.

Choose the correct answer from the options given below:

30 May Shift 2

A, B and C are partners in a firm. If D is admitted as a new partner then:

15 May Shift 1

Which of the following is not the main factors affecting the value of Goodwill?

CUET Accountancy 2025 14 May Shift 1 PYQs