CUET Accountancy 2025 29 May Shift 2 PYQs

Identify which statement is FALSE-

Stock at the time of dissolution was appearing in books at Rs 50,000. Half of the stock was sold at a discount of 20% and the remaining was taken over by one of the partners at a 10% discount. What amount was received in cash at the time of realization of stock.

When a partner retires in the middle of the year and his share of profit is calculated based on previous years' profit, which of the following account is to be debited?

In a Journal Entry of Forfeiture of Shares, Securities Premium Account may be debited, when :-

The goodwill based on capitalization of average profit method is valued at Rs 1,80,000. If Net Assets are Rs 8,20,000 then find the capitalized value of average profits.