CUET Accountancy - If nothing is mentioned, the amount due to retiring partner is transferred to _______. | PYQs + Solutions

CUET Accountancy 2025 16 May Shift 1

Partnership

Easy

Bank A/c

Cash A/c

Retiring partner loan A/c

Retiring partner current account

✅ Correct Option: 3

Related questions:

3 June Shift 1

In the absence of any information regarding the acquisition of a share in profit of the retiring/deceased partner by the remaining partners, it is assumed that they will acquire his/her share:

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R, S and K are partners sharing profits in the ratio 8:6:4. On the retirement of R, the new profit sharing ratio between S and K was decided to be 5:3. The Gaining ratio is -

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L, N and T are partners sharing profits in the ratio of 5:3:2. If N retires, the gaining ratio of L & T would be.......

CUET Accountancy 2025 16 May Shift 1 PYQs

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