CUET Accountancy 2022 15 July Shift 2 PYQs - Free Mock Test (No Login)

P, Q and R are partners sharing profits in the ratio of $3:1:1$. S is admitted into the firm for a $\frac{2}{10}\text{th}$ share in the future. The sacrificing ratio would be:

Financial Statements of a company do not include:

Identify the item credited to Realisation Account in the event of dissolution of a partnership firm.

Identify the treatment of Government Grant received from the government from the following:

Ram, Mohan and Roy are partners in the ratio of $8:6:4$. Ram retires, and Mohan and Roy decided to share profits in the ratio of $10:6$. Calculate the gaining ratio.