CUET Accountancy - Answer the questions from based on following paragraph Preeti, Kabir and Shershah are partners in a firm. Kabir retires from the firm. On his date of retirement, Rs 1,00,000 became due to him. Preeti and Shershah promised to pay him in four yearly equal installments plus interest @ 12% p.a. on the unpaid balance every year at the end of the year, to which he agreed. Net Amount of installment payable at the end of 2nd year to Kabir is | PYQs + Solutions

CUET Accountancy 2025 15 May Shift 2

Partnership

Medium

Rs. 25,000

Rs. 34,000

Rs. 31,000

Rs. 37,000

✅ Correct Option: 2

Related questions:

30 May Shift 1

In the absence of any information regarding the acquisition of share in profit of the retiring/deceased partner by the remaining partners, it is assumed that they will acquire his/her share in:

15 May Shift 1

The sum due to the retiring partner includes :

(A) His share of profits up to the date of retirement.

(B) His share of goodwill;

(D) His share in the gain of revaluation of assets and liabilities;

Choose the correct answer from the options given below:

29 May Shift 2

On the retirement of an existing partner, an increase in the value of a liability will be credited to :-

CUET Accountancy 2025 15 May Shift 2 PYQs

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