CUET Accountancy - At the time of Reconstitution, Goodwill already appearing in books of accounts is distributed among partners in_______. | PYQs + Solutions

CUET Accountancy 2025 16 May Shift 1

Partnership

Easy

Old profit sharing ratio

New profit sharing ratio

Gaining Ratio

Sacrificing Ratio

✅ Correct Option: 1

Related questions:

22 May Shift 2

The past average profits of a business works out at Rs. 20,000 and it is expected that such profits are likely to continue for another three years, the value of goodwill based on average profit method will be……. .

22 May Shift 2

L and M are partners sharing profits in the ratio 3:2. N is admitted as a partner for 1/5th of the share which is acquired from L. Goodwill of the firm is valued at Rs. 40,000 on N's admission. N will have to pay for Goodwill:

26 May Shift 2

Arrange the Following Steps to Calculate Goodwill under the Super Profits Method-

(A) Calculate the normal profit on the firm's capital on the basis of the normal rate of return

(B) Calculate the average profit

(D) Calculate goodwill by multiplying the super profits by the given number of years' purchase

Choose the correct answer from the options given below:

CUET Accountancy 2025 16 May Shift 1 PYQs

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