CUET Accountancy 2025 30 May Shift 1 PYQs

Rohit and Mohit are partners in a firm sharing profits in the ratio $5:3$. They admitted Bijoy as a new partner for $\frac{1}{7}$ share in the profit. The new profit sharing ratio will be $4:2:1$. Calculate the sacrificing ratio of Rohit and Mohit:

What is nominal share capital?

If the premium for goodwill is paid to the old partners directly / privately by the new partner, what journal entry will be recorded in the books of Partnership Firm :-

Arrange the share accounting transaction stages in chronological operational sequence:(A) For Adjustment of Excess Application Money(B) For Amount Due on Allotment(C) For Allotment money received.(D) For Amount Due on call.Choose the correct answer from the options given below:

In the Proforma of Partner's Capital Account under the Fluctuating Capital Method, the Credit side includes which of the following items?(A) Balance b/d (in case of credit opening balance)(B) Salaries(C) Interest on drawings(D) Profit and Loss Appropriation (for share of profit)Choose the correct answer from the options given below: