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CUET Accountancy 2026 PYQs23 May Shift 2. Free, no login required.

Partnership

past year questions, CUET Accountancy 2026 23 May Shift 2

Admission

past year questions, Partnership, CUET Accountancy 2026 23 May Shift 2

Easy

common

For transferring the revaluation loss, which of the following is correct ?

Solution

✅ Correct Option: 1

A revaluation loss is a debit balance in Revaluation A/c. To close it, the entry is Old Partners' Capital A/c Dr. (old ratio), To Revaluation A/c, so the Revaluation account is credited.

Related questions:

2025: 29 May Shift 2

Match List-I with List-II

List-IList-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:

2022: 20 July Shift 1

At the time of admission of a partner, if nothing is specified then new partner acquires his share from old partners.

2025: 27 May Shift 1

Das and Sinha are partners in a firm sharing profits in 4:1 ratio. They admitted Pal as a new partner for 1/4th share in the profits, which he acquired wholly from Das. The new profit sharing ratio of the partners is-

2025: 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:

2025: 15 May Shift 2

A and B are partners, they admit C into partnership. C was asked to pay Rs 2,50,000 though his share of capital was estimated Rs 2,00,000 only. for what Rs 50,000 extra was asked from C?

2026: 29 May Shift 2

Navya and Nitya are partners sharing profits in the ratio of 3:2 with capitals of Rs. 1,00,000 and Rs. 50,000 respectively. Hardik is admitted for 1/5 share in profits. The amount that Hardik will contribute as capital is ________

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CUET Accountancy Past Year Questions (Topic-Wise)