CUET Accountancy 2025 29 May Shift 2 PYQs

Various accounting aspects involved on retirement or death of a partner are as follows(A) Adjustment in respect of unrecorded assets and liabilities(B) Treatment of goodwill(C) Preparation of Realization A/c(D) Preparation of Executor's A/cChoose the correct answer from the options given below:

Kim and Sim are partners in a firm sharing profits in $4:3$ ratio. They admitted Pim as a new partner for $\frac{1}{4}$ share in the profits, which he acquired in the ratio of $3:2$ from Kim and Sim. Determine the new profit sharing ratio of the partners.

The maximum limit for the number of partner is decided by:

When Calls in Advance Account is adjusted _______ is credited and _______ is debited.

Match List-I with List-IIList-I (TYPES OF COMPANY)List-II (CHARACTERISTICS)(A) unlimited company(I) liability arises only in the event of winding up(B) one person company(III) paid up capital is not more than 50 lakhs (historical limit threshold)(C) private company(II) limits the number of members to 200(D) company limited by guarantee(IV) creditors can claim their dues from the membersChoose the correct answer from the options given below: