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Capital Adjustment Questions

Practice 6 Capital Adjustment questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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6
Total Questions
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1
Easy
๐ŸŸก
4
Medium
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1
Hard
Practice by Exam:Accountancy(4)CUET Accountancy(2)

About Capital Adjustment โ€” practice questions, PYQs & concepts

Capital Adjustment is a frequently-tested topic on Accountancy, CUET Accountancy. ExamTest.live currently lists 6 Capital Adjustment questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year โ€” every answer key is free, no sign-up required.

Capital Adjustment weight in competitive exams

Across our Capital Adjustment question bank, the largest sources are Accountancy (4) and CUET Accountancy (2). Click any exam chip above to drill down to that exam-specific question set.

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All Capital Adjustment Questions(1โ€“6 of 6)

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Q1mediummcqAccountancyCUET Accountancy 2025 14 May Shift 12026
A, B and C are partners in a firm sharing profits in the ratio of . D is admitted into the firm for th share in profits, which he gets as th from A and th from B. The total capital of the firm is agreed upon as and D is to bring in cash equivalent to th of this amount as his capital. The capitals of other partners are also to be adjusted in the ratio of their respective shares in profits. The capitals of A, B and C after all adjustments are , and $\text{Rs. } 30,000 respectively.Required capitals of all partners is:
Q2mediummcqAccountancyCUET Accountancy 2025 14 May Shift 22026
and are partners in a firm sharing profits in the ratio . is admitted into the firm with a share in profits and brings as his capital. If the capitals of the old partners and are to be adjusted on the basis of 's capital contribution in their profit-sharing ratio, then what will be the adjusted capital of ?
Q3mediummcqCUET AccountancyCUET Accountancy 2025 15 May Shift 12026
Asha, Deepa and Lata are partners in a firm sharing profits in the ratio of 3 : 2 : 1. Deepa retires. After making all adjustments relating to revaluation, goodwill, Payment to Deepa and accumulated profit etc., the capital accounts of Asha and Lata showed a credit balance of Rs. 1,60,000 and Rs. 80,000 respectively. It was decided to adjust the capitals of Asha and Lata in their new profit sharing ratio. You are required to calculate the new capitals of the partners i.e Asha and Lata.
Q4easymcqAccountancyCUET Accountancy 2025 22 May Shift 22026
While doing adjustment of partners' capital, for the amount of capital to be brought in by the partner, the following entry will be passed:
Q5mediummcqAccountancyCUET Accountancy2026
Lalit, Pankaj and Rahul are partners sharing profits in the ratio of . After all adjustments on Lalit's retirement with respect to general reserve, goodwill, and revaluation etc., the balances in their capital accounts stood at , and respectively. It was decided that the amount payable to Lalit will be brought by Pankaj and Rahul in such a way as to make their capitals proportionate to their new profit sharing ratio. After Lalit's retirement, the new profit sharing ratio between Pankaj and Rahul is . The new capital of the firm will be:
Q6hardmcqCUET AccountancyCUET 2025 31 May Shift 12026
Mohit, Neeraj and Sohan are partners in a firm sharing profits in the ratio of . Neeraj retires and Mohit and Sohan decided that the capital of the new firm will be fixed at and D is to bring in cash equivalent to of this amount as his capital. The capital accounts of Mohit and Sohan show a credit balance of and \text{Rs. } 41,000 respectively} after making all the adjustments. Calculate the actual cash to be paid off or to be brought in by the continuing partners in total-

Frequently Asked Questions

How many Capital Adjustment questions are on ExamTest.live?โ–ผ
We have 6 Capital Adjustment questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Capital Adjustment MCQs free?โ–ผ
Yes. All Capital Adjustment questions, answers, and explanations on ExamTest.live are completely free. No account or subscription required.
Which exams include Capital Adjustment questions?โ–ผ
Capital Adjustment questions are commonly asked in Accountancy, CUET Accountancy. You can filter by exam using the links above.
How do I practice Capital Adjustment questions effectively?โ–ผ
Start with easy questions to build confidence, then tackle medium and hard ones. Use the filter buttons to sort by difficulty. Reveal the answer only after attempting each question, and read the explanation thoroughly.