CUET Accountancy 2025 22 May Shift 1 PYQs

Gupta Ltd. issued 1,000 equity shares of $\text{Rs. }100$ each as fully paid-up, to the vendor, in consideration of the purchase of plant and machinery worth $\text{Rs. }1,00,000$. Which of the following entry will be recorded in the company's journal for it?

R, S and K are partners sharing profits in the ratio $8:6:4$. On the retirement of R, the new profit sharing ratio between S and K was decided to be $5:3$. The Gaining ratio is:

The reserve fund at the time of admission of a new partner is transferred to:

G, H and P are partners. On retirement of G, the goodwill already appears in the Balance Sheet at $\text{Rs. }24,000$. The goodwill will be written-off:

Which of the following indicates the other name of 'Nominal Capital'?