CUET Accountancy - 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

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30 May Shift 1

Ranjana, Sadhna and Kamana are partners, sharing profits in the ratio 4:3:2. Ranjana retires; Sadhna and Kamana decide to share profits in the future at the ratio of 5:3. Calculate the Gaining Ratio:

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K, N and P are partners sharing profits and losses in the ratio of 4 : 3 : 2. N retires and the goodwill is valued at Rs. 72,000. K and P decided to share future profits and losses in the ratio of 5 : 3. Identify the correct journal entry in this scenario.

15 May Shift 2

Gaining ratio among remaining partners Preeti and Shershah is

CUET Accountancy 2025 15 May Shift 2 PYQs

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