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. In case at the time of retirement of Kabir, his share of goodwill is valued at Rs 15,000, then what will be the total value of firm valued goodwill on his retirement? | PYQs + Solutions

CUET Accountancy 2025 15 May Shift 2

Partnership

Medium

15,000

30,000

45,000

60,000

✅ Correct Option: 3

Related questions:

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:

13 May Shift 2

P, Q and R share profits equally. At the time of P's retirement, goodwill appears in the books at Rs. 3000. P will be debited with _____ amount for Goodwill share.

14 May Shift 2

Hanny, Pammy and Sunny are partners sharing profits in the ratio of 3 : 2 : 1. Goodwill is appearing in the books at a value of Rs. 60,000. Pammy retires and at the time of Pammy's retirement, goodwill is valued at Rs. 84,000. Hanny and Sunny decided to share future profits in the ratio of 2:1. Pammy's share of current value of goodwill is-

CUET Accountancy 2025 15 May Shift 2 PYQs

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