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CUET Accountancy 2026 PYQs12 May Shift 1. Free, no login required.

Partnership

past year questions, CUET Accountancy 2026 12 May Shift 1

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past year questions, Partnership, CUET Accountancy 2026 12 May Shift 1

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common

Match List-I with List-II

List-IList-II
(A) Goodwill(I) Amount brought by new partner to compensate old partners
(B) Sacrificing ratio(II) Advantage of reputation, enabling firm to earn super profits
(C) New profit sharing ratio(III) Ratio in which old partner give up their share
(D) Premium for Goodwill(IV) Ratio after reconstitution of partnership

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 2

Goodwill is the value of a firm's reputation that lets it earn super profits, matching (II). Sacrificing ratio is the ratio in which old partners give up their share, matching (III). New profit sharing ratio applies after reconstitution, matching (IV). Premium for goodwill is the amount brought by the incoming partner to compensate the old partners, matching (I).

Related questions:

2025: 31 May Shift 1

Vijay and Sanjay are partners in a firm sharing profits and losses in the ratio of 3:2. They admitted Ajay into partnership with 1/4th share in profits. Ajay brings in Rs. 30,000 for capital and the requisite amount of premium in cash for goodwill. The goodwill of the firm is valued at Rs. 20,000. The new profit sharing ratio is 2:1:1. The sacrificing ratio of Vijay and Sanjay is:

2025: 3 June Shift 1

The profits of the firm for the five years are as follows:

YearProfit (Rs.)
2012-1320,000
2013-1424,000
2014-1530,000
2015-1625,000
2016-1718,000

Calculate the value of goodwill on the basis of three years' purchase of weighted average profits based on weights of the last five years as 1,2,3,4 and 5 respectively.

2022: 20 Aug Shift 2

Interest on capital will be shown on the Dr. side of Profit and Loss Appropriation A/c and ________ side of Partner's ________ A/c.

2025: 2 June Shift 2

Match List-I with List-II

List-IList-II
(Types of goodwill)(Treatment to done.)
(a) Existing Goodwill.(I) no entry passed.
(B) Goodwill premium(II) inferred from the capital arrangement.
(C) Goodwill paid privately.(III) Written off.
(D) Hidden goodwill(IV) credited to sacrificing partner.

Choose the correct answer from the options given below:

2025: 4 June Shift 2

Goodwill is a/an:

2026: 11 May Shift 1

Anu and Shipra are partners in a firm sharing profits in the ratio of 3:2. They admit Kriti as a new partner. Anu sacrificed 1/4 of her share and Shipra 1/3 of her share in favour of Kriti. Calculate the new profit sharing ratio of Anu, Shipra and Kriti.

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CUET Accountancy Past Year Questions (Topic-Wise)