CUET Accountancy 2025 22 May Shift 2 PYQs

'The business of a partnership concern may be carried on by all the partners or any of them acting for all.'Which feature of partnership is indicated by the above statement?

Match List-I with List-II:List-I (Transaction)List-II (Relevant account)(A) Settlement of Partners Loan(I) Credit side of Realization A/c(B) Transfer of liabilities(II) Partner's Capital will be credited(C) Transfer of Assets(III) Credit Side of Bank A/c(D) Remuneration payable to partner(IV) Debit Side of Realization A/cChoose the correct answer from the options given below:

The past average profits of a business work out at $\text{Rs. }20,000$ and it is expected that such profits are likely to continue for another three years. The value of goodwill based on the average profit method will be _________.

It is to be noted that 'minimum subscription' of capital cannot be less than _________ of the issued amount according to SEBI Guidelines (Disclosure and Investor Protection).

If a delay occurs beyond 8 days from the date of closure of the subscription list in refunding the amount received due to non-fulfilment of the criteria of minimum subscription, the company shall be liable to pay the amount with interest at the rate of: