CUET Accountancy - The ratio in which the old partners agree to give their share of profit in favor of the incoming partner is called: | PYQs + Solutions

CUET Accountancy 2025 22 May Shift 1

Partnership

Easy

common

New Profit Sharing Ratio

Gaining Ratio

Sacrificing Ratio

Old Ratio

✅ Correct Option: 3

Related questions:

27 May Shift 1

On the admission of a new partner increase in the value of assets is debited to:

22 May Shift 2

Arrange the steps in proper sequence to calculate Goodwill through Super profits Method.

(A) Calculate the normal profit on the firm's capital on the basis of the normal rate of return.

(B ) Calculate the average profit.

(D) Multiply super profits by the given number of years purchased.

Choose the correct answer from the options given below:

15 May Shift 2

Which of the following is not one of the method of valuation of goodwill?

CUET Accountancy 2025 22 May Shift 1 PYQs