CUET Accountancy - The capitals of other partners are also to be adjusted in the ratio of their respective shares in profits. A will bring in cash as capital after adjustment amount: | PYQs + Solutions

CUET Accountancy 2025 14 May Shift 1

Partnership

Medium

Rs. 40,000

Rs. 5,000

Rs. 15,000

Rs. 10,000

✅ Correct Option: 2

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The capital of the firm is Rs. 1,00,000 and normal rate of return is 8%. If the average profits for last 5 years are Rs. 12,000 then find goodwill of the firm based on 3 years' purchase of super profits.

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Required capitals of all partners is:

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Sameer and Yasmin are partners with capitals of Rs 15,00,000 and Rs 10,00,000 respectively. They agreed to share profits in the ratio of 3:2. The books are closed on March 31, every year. They admit Ravi on October 1, 2019 in the partnership, who bring Rs 12,00,000 as capital and Sameer also introduced additional capital Rs 3,00,000 on that date. Interest on partner's capital is provided @5% p.a. The amount of interest on the capital of Sameer for the year 2019-20 is-

CUET Accountancy 2025 14 May Shift 1 PYQs

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