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CUET Accountancy 2026 PYQs13 May Shift 2. Free, no login required.

Partnership

past year questions, CUET Accountancy 2026 13 May Shift 2

Retirement/Death

past year questions, Partnership, CUET Accountancy 2026 13 May Shift 2

Medium

common

Match List-I with List-II

List-IList-II
(A) Death of an existing partner(I) Executor's Account
(B) Transfer of closing balance of Deceased partner's capital Account(II) Profit for the Intervening Period
(C) Bad Debts Recovered(III) Debit Side of Revaluation Account
(D) Liability not recorded in Balance Sheet(IV) Credit side of Revaluation Account

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 2

On a partner's death, profit for the intervening period from the last balance sheet date to the date of death is computed, so (A) matches (II). The closing balance of the deceased partner's capital is transferred to his Executor's Account, so (B) matches (I). Bad debts recovered is an unrecorded gain and is credited to Revaluation, so (C) matches (IV). An unrecorded liability is a loss and is debited to Revaluation, so (D) matches (III).

Related questions:

2025: 16 May Shift 1

If nothing is mentioned, the amount due to retiring partner is transferred to _______.

2026: 20 May Shift 1

In case of death of a partner, for deceased partner's share of profits for the intervening period (from the closing of last year account till the date of death) in the books of accounts, the following journal entry is recorded:

Profit and Loss Supense A/c Dr.

To Deceased Partner's Capital A/c

Which of the following entry is to be made later to close the Profit and Loss Suspense Account?

2022: 30 Aug Shift 2

On retirement of a partner, the retiring partner's capital account will be credited with _____

2026: 6 June Shift 1

From the following options, which one should be deducted in ascertaining the amount due to retiring or deceased partner?

2026: 11 May Shift 1

The old profit sharing ratio among Gagan, Richa and Madhuri was 2:2:1. The new profit sharing ratio after Richa's retirement is 3:2. The gaining ratio is:

2025: 16 May Shift 1

Gaining Ratio is not calculated at the______.

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CUET Accountancy Past Year Questions (Topic-Wise)