CUET Accountancy - A and B share profits in the ratio of 3:2. C was admitted as a partner who gets 1/5 share. New profit sharing ratio, if C acquires 3/20 from A and 1/20 from B, would be: | PYQs + Solutions

CUET Accountancy 2025 22 May Shift 1

Partnership

Medium

common

9 : 7 : 4

8 : 8 : 4

6 : 10 : 4

10 : 6 : 4

✅ Correct Option: 1

Related questions:

22 May Shift 1

Which of the following factors affects the value of goodwill?

(A) Location of Business

(B) Partners Performance

(D) Market Situation

Choose the correct answer from the options given below:

27 May Shift 2

Identify the steps involved in calculating goodwill under the capitalized value of average profits method:

(A) Capitalize the average profits on the basis of the normal rate of return to ascertain the capitalized value of average profits

(B) Ascertain the average profits based on the past few years' performance

(D) Ascertain the actual firm's capital (net assets) by deducting outside liabilities from the total assets (excluding goodwill and fictitious assets)

Choose the correct answer from the options given below:

30 May Shift 2

A, B and C are partners in a firm. If D is admitted as a new partner then:

CUET Accountancy 2025 22 May Shift 1 PYQs

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