CUET Accountancy 2025 27 May Shift 2 PYQs

Which of the following is NOT a method of valuation of goodwill?

A company purchases its own shares of Rs. $5,00,000$ from the market. What is this process called?

Under the fixed capital method, the capital of the partners shall remain fixed unless additional capital is introduced or a part of the capital is withdrawn as per the agreement between the partners.Which among the following is NOT a feature of the fixed capital method?

The profit for the five years of a firm are as follows:YearProfit (Rs.)20134,00,00020143,98,00020154,50,00020164,45,00020175,00,000Calculate the goodwill of the firm on the basis of 4 years purchase of 5 years average profits.

In case a deceased partner's share of profit is calculated during the intervening period, the following Journal Entry will be passed: