CUET Accountancy 2025 3 June Shift 2 PYQs

At the time of admission of a new partner, under the fixed capital method, if the sacrificing partners withdraw their amounts of goodwill (in full or in part), which of the following journal entries will be recorded?

When the directors opt to make a proportionate (pro-rata) allotment to all applicants, the excess application money received is normally adjusted towards the amount due on allotment. In case the excess application money received is more than the amount due on allotment of shares, such surplus amount may either be:

On the death of a partner, the deceased partner's capital account will NOT be credited with:

The clauses of a partnership deed can be altered with the consent of ________.

Rohan, Bharti and Leela are partners. On the retirement of Rohan, the goodwill already appears in the balance sheet at $\text{Rs. }24,000$. This existing goodwill will be written-off: