CUET Accountancy 2025 30 May Shift 1 PYQs

Ranjana, Sadhna and Kamana are partners, sharing profits in the ratio $4:3:2$. Ranjana retires; Sadhna and Kamana decide to share profits in the future at the ratio of $5:3$. Calculate the Gaining Ratio:

A, B and C are partners in a firm. If B is being retired from the firm, what would be its effect?

Which of the following is NOT a valid classification type of Preference Shares under standard Indian corporate law frameworks (where one option is traditionally prohibited or considered non-standard for ongoing companies)?

In the absence of any information regarding the acquisition of share in profit of the retiring/deceased partner by the remaining partners, it is assumed that they will acquire his/her share in:

Match List-I with List-II:List-IList-II(A) On dissolution of a firm, creditors is transferred to:(I) Bank account is credited(B) Unrecorded liabilities when paid:(II) Realization Account(C) When realization expenses are paid by the firm on behalf of a partner, such expenses are(III) Bank account is debited.(D) When unrecorded assets are sold(IV) Partner's Capital AccountChoose the correct answer from the options given below: