CUET Accountancy 2025 31 May Shift 1 PYQs

Unrecorded liabilities when paid are shown in:

If partnership deed is silent on the profit sharing ratio: interest @_____ per annum is allowed on loans advanced by partners-

Vijay and Sanjay are partners in a firm sharing profits and losses in the ratio of $3:2$. They admitted Ajay into partnership with $\frac{1}{4}\text{th}$ share in profits. Ajay brings in $\text{Rs. }30,000$ for capital and the requisite amount of premium in cash for goodwill. The goodwill of the firm is valued at $\text{Rs. }20,000$. The new profit sharing ratio is $2:1:1$. The sacrificing ratio of Vijay and Sanjay is:

Interest on calls in advance is provided at a rate not exceeding ........ as per "Table F":

On the death of an existing partner, in case the value of a Liability decreases then which account will be debited?