CUET Accountancy 2022 20 July Shift 1 PYQs - Free Mock Test (No Login)

The Receipts and Payments Account of Lead Sports Club showed payment for sports materials as Rs. 46,000 for the year ended 31st March 2022.
Additional Information provided is as follows:

Calculate the amount of Sports Materials consumed during the year ended 31st March 2022.

A, B and C were partners sharing profits and losses in the ratio of $3:2:1$. C died on 1st August, 2022 and his share of profit from the beginning of the accounting year upto the date of death amounted to Rs. 70,000. C's share of profit will be debited to:

At the time of retirement of a Partner if retiring Partner's whole amount is treated as loan, then the total amount is Debited in:

Monu, Sonu and Golu are partners in a firm sharing profits in the ratio of $2:2:1$. Golu died on 5th November 2021. Under the partnership deed, the executors of the deceased partner are entitled to his share of profit to the date of death, calculated on the basis of last year's profit. Profit for the year ended 31st March 2022 was Rs. 3,00,000. (Assuming this means profit for the previous year or estimated profit basis). Golu's share of profit will be:

On the death of a partner, his share in the loss of the firm till the date of his death is transferred to: