CUET Accountancy - Share of loss of deceased partner, calculated on the basis of previous years profit is | PYQs + Solutions

CUET Accountancy 2025 22 May Shift 2

Partnership

Easy

common

Credited to his capital account.

Debited to his capital account.

Debited to profit and loss suspense account.

Debited to profit and loss account.

✅ Correct Option: 2

Related questions:

27 May Shift 1

Arrange the various accounting aspects involved on retirement or death of a partner-

(A) Ascertainment of share of profit or loss up to the date of retirement/death

(B) Ascertainment of new profit sharing ratio and gaining ratio

(D) Settlement of the amounts due to retired/deceased partner

Choose the correct answer from the options given below:

(B), (C), (D), (A)
(B), (C), (A), (D)
(B), (A), (D), (C)
(C), (B), (D), (A)

26 May Shift 2

R, S and K are partners sharing profits in the ratio 4:3:2. R retires; S and K decided to share profits in future in the ratio of 5:3. Calculate the Gaining Ratio.

29 May Shift 2

Executor account is prepared on

CUET Accountancy 2025 22 May Shift 2 PYQs

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