CUET Accountancy - Goodwill is considered as | PYQs + Solutions

CUET Accountancy 2025 16 May Shift 1

Partnership

Easy

Tangible Asset

Intangible asset

Fictitious asset

Current asset

✅ Correct Option: 2

Related questions:

13 May Shift 2

In case normal profit is Rs 60,000 then what will be the normal rate of return?

4 June Shift 2

When a new partner is admitted, the increase in the value of the assets is debited to which account?

29 May Shift 2

Kim and Sim are partners in a firm sharing profits in 4:3 ratio. They admitted Pim as a new partner for 1/4 share in the profits, which he acquired in the ratio of 3:2 from Kim and Sim. Determine the new profit sharing ratio of the partners.

CUET Accountancy 2025 16 May Shift 1 PYQs

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