CUET Accountancy - While doing adjustment of partners capital, for the amount of capital to be brought in by the partner, the following entry will be passed: | PYQs + Solutions

CUET Accountancy 2025 22 May Shift 2

Partnership

Easy

common

Bills payable A/c Dr.

To Partners' Capital A/c

Partners' Capital A/c Dr.

To Cash / Bank A/c

Partners' Capital A/c Dr.

To Bills payable A/c

Cash / Bank A/c Dr.

To Partners' Capital A/c

✅ Correct Option: 4

Related questions:

14 May Shift 2

Arrange Steps For Capitalisation of Super Profits:

(A) Calculate average profit for the past years, as specified.

(B) Calculate the capital of the firm.

(D) Multiply the super profits with the required rate of return multiplier

(E) Calculate super profits by deducting normal profits from average profits.

Choose the correct answer from the options given below:

26 May Shift 2

Arrange the Following Steps to Calculate Goodwill under the 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) Calculate goodwill by multiplying the super profits by the given number of years' purchase

Choose the correct answer from the options given below:

13 May Shift 2

Super profit is -

CUET Accountancy 2025 22 May Shift 2 PYQs