CUET Accountancy 2025 27 May Shift 2 PYQs

Which Journal Entry will be recorded for realization of an unrecorded asset at the time of dissolution of a Partnership Firm?

Vijay and Manohar share profits and losses in the ratio of $2:1$. They admit Prakash as a partner with $\frac{1}{4}$ share in profits with a guarantee that his share of profit will be at least Rs. $50,000$. The net profit of the firm for the year ending March 31, 2015, was Rs. $1,60,000$. Calculate the amount of profit Vijay will get.

In the case of dissolution of a partnership firm, unrecorded liabilities when paid are shown in:

Romesh took over Investments at Rs. $8,100$ which is $10\%$ less than its book value. The book value of the investment was:

The profit or loss on revaluation of assets and liabilities are distributed in: