CUET Accountancy 2025 26 May Shift 2 PYQs

Upon the admission of a new partner, any upward revaluation adjustment (increase in the value of assets) is directly debited to:

According to the provisions of SEBI guidelines and the historical timelines of the Companies Act, a company must secure its minimum subscription within how many days from the date of opening the issue?

The net profit realized from the reissue of forfeited shares is transferred to which of the following accounts?

The Profit and Loss Appropriation Account is an extension of the Profit and Loss Account of the firm. Which of the following items is NOT shown in the Profit and Loss Appropriation Account?

A and B are partners in a firm sharing profits in the ratio of $3:2$. They admit M as a new partner for a $\frac{1}{4}$ share. The new profit-sharing ratio between A and B is set to be $2:1$. Calculate their sacrificing ratio.