CUET Accountancy 2025 27 May Shift 1 PYQs

At the time of admission of a partner, undistributed profits appearing in the balance sheet of the old firm are transferred to the capital account of:

Arrange the steps involved under the super profit method of calculating goodwill in the correct sequence:(A) Calculate the normal profit on the firm's capital on the basis of the normal rate of return(B) Calculate the average profit(C) Calculate goodwill by multiplying the super profits by the given number of years' purchase(D) Calculate the super profits by deducting normal profit from the average profitsChoose the correct answer from the options given below:

Choose the combination of statements that are true about dissolution:(A) Dissolution of partnership can not take place without intervention of the court.(B) Court can order a firm to be dissolved when a partner becomes insane.(C) A firm is compulsorily dissolved when a partner decides to retire.(D) A partnership is dissolved when there is a death of a partner.Choose the correct answer from the options given below:

Calculate the interest on drawings if Ram withdrew $\text{Rs. }3,000$ per month at the beginning of each month for the whole year, with interest charged @ $9\%$ per annum.

Arrange the steps in the correct accounting sequence at the time of admission of a partner:(A) Adjustments of capital accounts.(B) Valuation of goodwill(C) Calculation of new profit sharing ratio and sacrificing ratio.Choose the correct answer from the options given below: