CUET Accountancy 2025 3 June Shift 1 PYQs

When a partnership firm is being dissolved, the private property of any partner shall be applied first, in payment of __________ and the surplus, if any, may be utilised for payment of __________, in case the firm's liabilities exceed the firm's assets.

Which of the following will lead to the Reconstitution of a partnership Firm?(A) Admission of a new partner(B) Change in the profit sharing ratio among the existing partners(C) Retirement of an existing partner(D) Death of a partnerChoose the correct answer from the options given below:

The capital of the firm is $\text{Rs. }1,00,000$ and normal rate of return is $8\%$. If the average profits for last 5 years are $\text{Rs. }12,000$ then find goodwill of the firm based on 3 years' purchase of super profits.

Which among the following is Not the method of valuation of goodwill:

Romesh took over stock at $\text{Rs. }8,100$, which is $10\%$ less than its book value. The book value of the stock was _________