CUET Accountancy 2025 3 June Shift 1 PYQs

In the case of a re-constitution of a partnership firm, if the value of decrease in investment exceeds the Investment Fluctuation Fund, the :-

Naveen, Suresh and Tarun are partners, sharing profits and losses in the ratio of $5:3:2$. Suresh retires from the firm and his share was acquired by Naveen and Tarun in the ratio of $2:1$. Calculate the new share of profit :

Shares can be forfeited :

Match List-I with List-IIList–IList–II(A) Existing Goodwill(I) no entry passed.(B) Goodwill premium(II) Calculated on the basis of capital of partners.(C) Goodwill paid privately(III) Written off.(D) Hidden goodwill(IV) credited to sacrificing partner.Choose the correct answer from the options given below:

The profits of the firm for the five years are as follows: YearProfit (Rs.)2012-1320,0002013-1424,0002014-1530,0002015-1625,0002016-1718,000Calculate the value of goodwill on the basis of three years' purchase of weighted average profits based on weights of the last five years as 1, 2, 3, 4 and 5 respectively.