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CUET Accountancy 2026 PYQs21 May Shift 1. Free, no login required.

Partnership

past year questions, CUET Accountancy 2026 21 May Shift 1

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past year questions, Partnership, CUET Accountancy 2026 21 May Shift 1

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common

Match List-I with List-II

List-IList-II
(A) Sum of the product/ Total weights(I) Normal Profit
(B) Firm Capital X Rate of return/100(II) Weighted Average Profit
(C) Bank A/c Dr. To Premium for Goodwill A/c(III) Amount of goodwill withdrawn by sacrificing partners
(D) Sacrificing Partners' Capital A/c Dr. To Bank A/c(IV) Amount brought by new partner as his share of goodwill

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

Sum of products divided by total of weights gives weighted average profit (II). Capital employed multiplied by the normal rate of return gives normal profit (I). Bank A/c Dr. to Premium for Goodwill A/c records the goodwill premium brought in by the new partner (IV). Sacrificing Partners' Capital A/c Dr. to Bank A/c records their withdrawal of that goodwill (III).

Related questions:

2022: 8 Aug Shift 2

The goodwill brought in by the new partner is distributed by old partner their:

2026: 21 May Shift 2

The steps involved under calculation of goodwill using Super Profit method are following. Arrange them in the correct order.

A. Calculate the normal profit on the firm's capital on the basis of the normal rate of return.

B. Calculate the super profits by deducting normal profit from the average profits.

C. Calculate goodwill by multiplying the super profits by the given number of years' purchase.

D. Calculate the average profit.

Choose the correct answer from the options given below.

2025: 22 May Shift 2

On the admission of a new partner, an increase in the value of assets is debited to:

2025: 30 May Shift 2

Which Factor does not Affect the Value of Goodwill-

2026: 24 May Shift 1

Match List-I with List-II

List-IList-II
(A) Amalgamation of partnership firms(I) Meaning of Goodwill
(B) Nature of Business(II) Treatment of goodwill
(C) The present value of a firm's anticipated excess earnings(III) Factor affecting goodwill
(D) When the new Partner brings goodwill in cash(IV) Need for valuation of goodwill

Choose the correct answer from the options given below:

2026: 21 May Shift 2

Rajinder and Binod are partners in a firm sharing profits in the ratio of 3:2. They admitted Gaurav as a new partner for 1/4 share. The new profit sharing ratio between Rajinder and Binod will be 1:2. The new profit sharing ratio between Rajinder, Binod and Gaurav will be:

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CUET Accountancy Past Year Questions (Topic-Wise)