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CUET Accountancy 2026 PYQs29 May Shift 1. Free, no login required.

Partnership

past year questions, CUET Accountancy 2026 29 May Shift 1

Accounting

past year questions, Partnership, CUET Accountancy 2026 29 May Shift 1

Hard

common

If the capital of a firm is Rs. 2,00,000 and profit earned by the firm is Rs. 48,000. Match the value of goodwill, according to the super profit method of goodwill valuation at the different normal rate of return on the firm's capital on the basis of 3 years of purchase.

List-I (Value of Goodwill)List-II (Normal Rate of Return on Capital)
(A) Rs. 54,000(I) 12%
(B) Rs. 72,000(II) 15%
(C) Rs. 84,000(III) 18%
(D) Rs. 36,000(IV) 10%

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 1

Goodwill =(48,000−2,00,000×r)×3= (48{,}000 - 2{,}00{,}000 \times r) \times 3.

At 10%10\%: (48,000−20,000)×3=84,000(48{,}000-20{,}000)\times3 = 84{,}000.

At 12%12\%: (48,000−24,000)×3=72,000(48{,}000-24{,}000)\times3 = 72{,}000.

At 15%15\%: (48,000−30,000)×3=54,000(48{,}000-30{,}000)\times3 = 54{,}000.

At 18%18\%: (48,000−36,000)×3=36,000(48{,}000-36{,}000)\times3 = 36{,}000.

Related questions:

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Match List-I with List-II

List-IList-II
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Choose the correct answer from the options given below:

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Ram and Laxman started business on 1st Jan 2020 with a capital of Rs 1,20,000 and Rs 80,000 respectively. Ram introduced Rs. 50,000 to the firm on 1st July 2020 as additional capital. If the rate of interest is 15% p.a. Assuming that accounts are closed as per calender year then the Interest payable to Ram on Capital would be:

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