CUET Accountancy - When a new partner brings his share of goodwill in cash, the amount is credited to: | PYQs + Solutions

CUET Accountancy 2025 22 May Shift 2

Partnership

Easy

common

Premium for goodwill account

Capital account of new partner

Cash/Bank account

Capital account of old partners

✅ Correct Option: 1

Related questions:

13 May Shift 2

A and B are partners sharing profits in the ratio of 3:2. They admit C for 1/5th share in the future profits which he gets equally from both A and B. The new profit sharing ratio will be:

29 May Shift 2

Match List-I with List-II

List-I	List-II
(Items to be adjusted on admission)	(side of account.)
(A) Existing goodwill	(i) Debit of capital account.
(B) Increase in value of assets.	(ii) Debit of revaluation account.
(C) Decrease in value of assets.	(iii) Credit of revaluation account.
(D) New partner capital.	(iv) Credit of capital account.

Choose the correct answer from the options given below:

22 May Shift 1

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:

CUET Accountancy 2025 22 May Shift 2 PYQs

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