CUET Accountancy - In line with what is prescribed by the Accounting Standard, goodwill appearing in the balance sheet is written off at the time of | PYQs + Solutions

CUET Accountancy 2025 15 May Shift 2

Partnership

Medium

Firm's dissolution

Revaluation of assets and liabilities

Firm's reconstitution

Preparation of Realisation A/c

✅ Correct Option: 3

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30 May Shift 2

Which Factor does not Affect the Value of Goodwill-

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

24 May Shift 1

The accumulated profits and reserves are transferred to:

CUET Accountancy 2025 15 May Shift 2 PYQs

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