CUET Accountancy - Valuation of goodwill is not done in which of the following case? | PYQs + Solutions

CUET Accountancy 2025 16 May Shift 1

Partnership

Easy

Change in profit sharing ratio

Admission of a new partner

Retirement of a partner

Purchasing of raw material

✅ Correct Option: 4

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27 May Shift 2

At the time of dissolution of a Firm, the Loan from a Partner Account should be

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Which of the following statements are true:

(A) Dissolution of a partnership is different from dissolution of a firm.

(B) A partnership is dissolved when there is a death of a partner.

(D) A firm is compulsorily dissolved when a partner decide to retire.

Choose the correct answer from the options given below:

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After transferring liabilities like creditors and bills payables in the Realization Account, in the absence of any information regarding their payment, such liabilities are treated as:

CUET Accountancy 2025 16 May Shift 1 PYQs

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