CUET Accountancy - The reserve fund at the time of admission of a new partner is transferred to - | PYQs + Solutions

CUET Accountancy 2025 22 May Shift 1

Partnership

Easy

common

Revaluation account

Capital Reserve account

All Partners Capital account

Old Partners Capital account

✅ Correct Option: 4

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13 May Shift 2

Goodwill is -

27 May Shift 2

Vijay and Manohar share profits and losses in the ratio of 2:1. They admit Prakash as a partner with 1/4 share in profits with a guarantee that his share of profit will be at least Rs. 50,000. The net profit of the firm for the year ending March 31, 2015, was Rs. 1,60,000. Calculate the amount of profit Vijay will get.

14 May Shift 1

C will withdraw the capital amount after capital are adjusted in the ratio of their respective shares in profits. The amount is:

CUET Accountancy 2025 22 May Shift 1 PYQs

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