CUET Accountancy 2025 30 May Shift 1 PYQs

The profits for five years of a firm are as follows:Year 2013: $\text{Rs. }4,00,000$ Year 2014: $\text{Rs. }3,98,000$ Year 2015: $\text{Rs. }4,50,000$ Year 2016: $\text{Rs. }4,45,000$ Year 2017: $\text{Rs. }5,00,000$ Calculate the goodwill of the firm on the basis of a 4-year purchase of 5 years average profits:

At the time of admission of a new partner, general reserve appearing in the old balance sheet is transferred to:

On the admission of a new partner, an increase in the value of assets is debited to:

Himanshu withdrew $\text{Rs. }2,500$ at the end of each month. The partnership deed provides for charging of interest on drawings $@12\%\text{ p.a.}$ Calculate interest on Himanshu's drawings for the year ended March 31, 2017.

The balance of the share forfeiture account is shown in the balance sheet under the major block item: