CUET Accountancy - Asha, Deepa and Lata are partners in a firm sharing profits in the ratio of 3 : 2 : 1. Deepa retires. After making all adjustments relating to revaluation, goodwill, Payment to Deepa and accumulated profit etc., the capital accounts of Asha and Lata showed a credit balance of Rs. 1,60,000 and Rs. 80,000 respectively. It was decided to adjust the capitals of Asha and Lata in their new profit sharing ratio. You are required to calculate the new capitals of the partners i.e Asha and Lata. | PYQs + Solutions

CUET Accountancy 2025 15 May Shift 1

Partnership

Medium

Rs.1,80,000 & Rs.1,70,000

Rs.1,80,000 & Rs.60,000

Rs. 60,000 & Rs.1,60,000

Rs.1,60,000 & Rs. 80,000

✅ Correct Option: 2

Related questions:

22 May Shift 1

At the time of retirement of a partner, undistributed profits appearing in the balance sheet of the old firm is transferred to the capital account of:

31 May Shift 1

At the time of retirement of a partner, undistributed profits appearing in the balance sheet of the old firm is transferred to the capital account of:

29 May Shift 2

Match List-I with List-II

List-I	List-II
(Name of ratios.)	(used for)
(A) old ratio.	(I)distribution of premium for goodwill.
(B) new ratio.	(II) for adjustment of goodwill in death of partner.
(C) sacrificing ratio.	(III) sharing revaluation profits.
(D) gaining ratio.	(IV) sharing future profits.

Choose the correct answer from the options given below:

CUET Accountancy 2025 15 May Shift 1 PYQs

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