CUET Accountancy 2025 3 June Shift 2 PYQs

On retirement/death of a partner, the retiring/deceased partner's capital account will be credited with:

At the time of dissolution of a firm, the Bank Loan was $\text{Rs. }60,000$ which was paid by Bhuvan (a partner) along with one-year interest at $6\%$. Which journal entry will be passed in the books of the firm?

At the time of retirement of a partner, the difference between the Old Profit Sharing Ratio and the New Profit Sharing Ratio $(\text{Old Ratio}-\text{New Ratio})$ yields a negative outcome for a remaining partner. It indicates that the:

Das and Sinha are partners in a firm sharing profits in a $4:1$ ratio. They admitted Pal as a new partner for $\frac{1}{4}$ share in the profits, which he acquired wholly from Das. Determine the new profit sharing ratio among Das, Sinha, and Pal.

Vijay and Manohar share profits and losses in the ratio of $2:1$. They admit Prakash as a partner with $\frac{1}{4}$ share in profits with a guarantee that his share of profit will be at least $\text{Rs. }50,000$. The net profit of the firm for the year ending March 31, 2015, was $\text{Rs. }1,60,000$. Calculate the amount of profit Vijay will get.