CUET Accountancy 2025 14 May Shift 1 PYQs

Excess value of net assets over purchase consideration at the time of purchase of business is credited to

$A$ and $B$ are partners in a firm sharing profits in the ratio of $5:3$. They admit $C$ as a new partner for $\frac{1}{7}$ th share in the profits. The new profit sharing ratio will be $4:2:1$. The sacrificing ratio of $A$ and $B$ is

In case of dissolution of a firm, Losses including deficiencies of capital, shall be paid first out of ....

Which combination of statements are correct about Death of a partner-(A) Ascertainment of new profit sharing ratio and gaining ratio(B) Preparation of Realization Account(C) Revaluation of assets and liabilities(D) Adjustment of capital, if requiredChoose the correct answer from the options given below:

The best way to get started in Excel 2007 is to click the ____.