CUET Accountancy - A and B are partners in a firm sharing profits in the ratio of 5:3. They admit C as a new partner for 1/7th share in the profits. The new profit sharing ratio will be 4:2:1. The sacrificing ratio of A and B is | PYQs + Solutions

CUET Accountancy 2025 14 May Shift 1

Partnership

Medium

5:3

4:3

3:5

2:5

✅ Correct Option: 3

Related questions:

14 May Shift 2

The profit for the five years of a firm are as follows – year 2013 Rs. 4,00,000; year 2014 Rs. 3,98,000; year 2015 Rs. 4,50,000; year 2016 Rs. 4,45,000 and year 2017 Rs. 5,00,000. The goodwill of the firm on the basis of 4 years purchase of 5 years average profits is-

27 May Shift 2

The profit for the five years of a firm are as follows:

Year	Profit (Rs.)
2013	4,00,000
2014	3,98,000
2015	4,50,000
2016	4,45,000
2017	5,00,000

Calculate goodwill of the firm on the basis of 4 years purchase of 5 years average profits.

30 May Shift 1

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

CUET Accountancy 2025 14 May Shift 1 PYQs

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