CUET Accountancy - G, H and P are partners. On retirement of G, the goodwill already appears in the Balance Sheet at Rs. 24,000. The goodwill will be written-off | PYQs + Solutions

CUET Accountancy 2025 22 May Shift 1

Partnership

Easy

common

By debiting all partners' capital accounts in their old profit sharing ratio

By debiting remaining partners' capital accounts in their new profit sharing ratio.

By debiting retiring partners' capital accounts from his share of goodwill.

By debiting retiring partners' capital accounts in gaining ratio.

✅ Correct Option: 1

Related questions:

29 May Shift 2

A, B, and C were in partnership, sharing profits in the ratio of 3:2:1 respectively, B retires and the new profit sharing ratio between A and C is 3:2 . The gaining ratio is .

30 May Shift 1

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

22 May Shift 1

At the time of retirement of a partner, undistributed profits appearing in the balance sheet of the old firm is transferred to the capital account of:

CUET Accountancy 2025 22 May Shift 1 PYQs

Keyboard Shortcuts