CUET UG 2024 Accountancy Question Paper (17-May-2024) (Shift 3) - Free Mock Test (No Login)

A company can accept calls in advance, if authorised by:

$A$, $B$ and $C$ are partners sharing profits in the ratio of $3:2:1$. $C$ died on 1st July, 2023. On this date, final accounts were prepared to ascertain profits for the period. It resulted in a profit of $\text{₹ }1,75,000$ to the firm. To give effect to the above:

On the date of admission of a partner, there was a balance of $\text{₹ }45,000$ in the account of machinery. It was found undervalued by $10\%$. The value of machinery will appear in the new Balance Sheet at:

Dividend received is classified as:

A partnership can have maximum $50$ partners. This limit has been set by the: