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CUET Accountancy 2025 PYQs14 May Shift 2. Free, no login required.

Partnership

past year questions, CUET Accountancy 2025 14 May Shift 2

Accounting

past year questions, Partnership, CUET Accountancy 2025 14 May Shift 2

Medium

Match List-I with List-II

List-IList-II
(A) Sacrificing ratio(I) Dissolution of Partnership
(B) Gaining Ratio(II) Admission of a New Partner
(C) Executors Account(III) Retirement of a Partner
(D) Realisation Account(IV) Death of a Partner

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 2

(A) Sacrificing Ratio is calculated when a new partner is admitted. The existing partners sacrifice a portion of their profit-sharing ratio in favor of the incoming partner. The sacrificing ratio determines compensation (goodwill) paid by the new partner to the sacrificing partners.

Sacrificing Ratio = Old Ratio - New Ratio

(A) → (II) Admission of a New Partner

(B) Gaining Ratio is calculated when a partner retires (or dies). The remaining partners gain the share of the outgoing partner. This ratio determines how much goodwill the gaining partners must pay to the retiring partner.

Gaining Ratio = New Ratio - Old Ratio

(B) → (III) Retirement of a Partner

(C) Executor's Account is prepared when a partner dies. This account is opened in the name of the deceased partner's legal representative (executor or heir) to settle all dues payable to the deceased partner, including capital, share of goodwill, accumulated profits, and share of profit till death.

(C) → (IV) Death of a Partner

(D) Realisation Account is prepared at the time of dissolution of partnership firm. It records the sale of assets, payment of liabilities, and calculation of profit or loss on realisation, which is then distributed among partners in their profit-sharing ratio.

(D) → (I) Dissolution of Partnership

Correct Matching: (A) - (II), (B) - (III), (C) - (IV), (D) - (I)

Answer: Option 2

Related questions:

2025: 15 May Shift 2

A and B are partners, sharing profits equally. Their fixed capitals were Rs 2,00,000 and Rs 3,00,000 respectively. Interest on capital as provided under partnership deed @10% p.a was omitted. Select the correct option from the following:

2025: 16 May Shift 1

X and Y are partners sharing profits in the ratio 3:2. Capital introduced by X and Y is ₹ 1,00,000 and ₹ 5,00,000 respectively. Interest on capital is allowed to partners @ 10%p.a. Profit of the firm for the year ending March 31st, 2025 is ₹ 30,000. Calculate Interest on Capital to be allowed to the partners.

2025: 29 May Shift 2

Which of the following are shown under capital account in case capital of partner's are fixed?

(A) Fresh capital introduced

(B) Permanent capital withdrawn

(C) Interest on capital

(D) Amount of capital brought down from the previous year

Choose the correct answer from the options given below:

2022: 15 July Shift 2

When the fixed amount is withdrawn at the end of each quarter, interest on drawing will be calculated for _______

2025: 22 May Shift 1

Ram and Laxman started business on 1st Jan 2020 with a capital of Rs 1,20,000 and Rs 80,000 respectively. Ram introduced Rs. 50,000 to the firm on 1st July 2020 as additional capital. If the rate of interest is 15% p.a. Assuming that accounts are closed as per calender year then the Interest payable to Ram on Capital would be:

2026: 13 May Shift 2

Average profits of a firm during the last few years are Rs. 2,50,000 and the normal rate of return in a similar business is 5%. If the goodwill of the firm is 5,00,000 at 5 years' purchases of super profit, find the amount of capital employed by the firm.

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