CUET Accountancy - Hemant and Naman are partners in a firm sharing profits in the ratio of 3:2. Their capitals were Rs. 80,000 and Rs. 50,000 respectively. They admitted Samrat on Jan. 1, 2025 as a new partner for 1/5 share in the future profits. Samrat brought Rs. 60,000 as his capital. Calculate the value of goodwill of the firm? | PYQs + Solutions

CUET Accountancy 2025 15 May Shift 1

Partnership

Medium

Rs. 1,20,000

Rs. 1,10,000

Rs. 1,30,000

Rs. 1,40,000

✅ Correct Option: 2

Related questions:

15 May Shift 1

A and B are partners sharing profits in the ratio of 2:1. C is admitted into the firm for 1/4 share of profits. C brings in Rs. 20,000 in respect of his capital. The capitals of old partners A and B, after all adjustments relating to goodwill, revaluation of assets and liabilities, etc., are Rs. 45,000 and Rs. 15,000 respectively. It is agreed that partners' capitals should be according to the new profit sharing ratio. Determine the new profit sharing ratio

CUET Accountancy 2024 Slot 1

Which of the following would affect the Revaluation Account at the time of admission of a partner?

30 May Shift 2

The minimum guaranteed amount shall be paid to the new partner when his share of profit as per the profit sharing ratio:

CUET Accountancy 2025 15 May Shift 1 PYQs

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