CUET UG Accountancy — Partnership previous year questions with solutions.
Breakdown of the 803 Partnership questions tagged to a subtopic, by year — darker cells mean more questions.
| Subtopic | Weightage | Total | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|---|
| Admission | 28.6% | 230 | 168 | 6 | 22 | 34 |
| Accounting | 28.4% | 228 | 162 | 7 | 16 | 43 |
| Dissolution | 26.9% | 216 | 167 | 5 | 22 | 22 |
| Retirement/Death | 16.1% | 129 | 87 | 3 | 17 | 22 |
| All subtopics | 803 | 584 | 21 | 77 | 121 |
The capitals of other partners are also to be adjusted in the ratio of their respective shares in profits. A will bring in cash as capital after adjustment amount:
Hanny, Pammy and Sunny are partners sharing profits in the ratio of 3 : 2 : 1. Goodwill is appearing in the books at a value of Rs. 60,000. Pammy retires and at the time of Pammy's retirement, goodwill is valued at Rs. 84,000. Hanny and Sunny decided to share future profits in the ratio of 2:1. Pammy's share of current value of goodwill is-
The profit for the five years of a firm are as follows – year 2013 Rs. 4,00,000; year 2014 Rs. 3,98,000; year 2015 Rs. 4,50,000; year 2016 Rs. 4,45,000 and year 2017 Rs. 5,00,000. The goodwill of the firm on the basis of 4 years purchase of 5 years average profits is-
Which of the following is not a general feature of partnership-
On dissolution of the firm, partner's capital accounts are closed through-
Identify the incorrect journal entry related to Revaluation of Assets and Liabilities of a firm.
Arrange the following steps involved in various accounting aspects of retirement/death of a partner in a sequence - (A) Settlement of the amounts due to retired/deceased partner (B) Ascertainment of new profit sharing ratio and gaining ratio (C) Adjustment of capital, if required (D) Revaluation of assets and liabilities Choose the correct answer from the options given below:
When realisation expenses are paid by the firm on behalf of a partner, which account will be debited :
A, B and C are partners in a firm. If D is admitted as a new partner, what will be its affect?
A and B are partners sharing profits in the ratio of 2:1. C is admitted into the firm for 1/4 share of profits. C brings in Rs. 20,000 in respect of his capital. The capitals of old partners A and B, after all adjustments relating to goodwill, revaluation of assets and liabilities, etc., are Rs. 45,000 and Rs. 15,000 respectively. It is agreed that partners' capitals should be according to the new profit sharing ratio. Determine the new profit sharing ratio
Match List-I with List-II | List-I | List-II | |---|---| | (A) Compulsory Dissolution | (I) Partner becomes insane | | (B) Dissolution by notice | (II) Death of a partner | | (C) Dissolution by Court | (III) Business become illegal | | (D) Dissolution on certain contingencies | (IV) Partnership at will | Choose the correct answer from the options given below:
Arrange the following in the sequence in which they shall be applied in payment at the time of dissolution of a firm: (A) The debts of the firm to the third parties. (B) Partner proportionately what is due to him/her from the firm for advances as distinguished from capital (i.e. partner's loan). (C) Each partner proportionately what is due to him on account of capital. (D) Divided among the partners in their profit sharing ratio. Choose the correct answer from the options given below:
Investment Fluctuation Reserve will be
What is the amount of profit to be credited to A's Capital account?
Which of the following are shown under capital account in case capital of partner's are fixed? (A) Fresh capital introduced (B) Permanent capital withdrawn (C) Interest on capital (D) Amount of capital brought down from the previous year Choose the correct answer from the options given below:
In which of the following case court can order dissolution of a partnership firm.
In line with what is prescribed by the Accounting Standard, goodwill appearing in the balance sheet is written off at the time of
Which of the following is not one of the method of valuation of goodwill?
Which of the following entry shows withdrawal of excess capital by partner's ?:
Which of the following event take place in the case of dissolution of a partnership firm
A new partner can be admitted:
After transferring liabilities like creditors and bills payables in the Realization Account, in the absence of any information regarding their payment, such liabilities are treated as:
The dues of Kabir is to be paid in 4 yearly installment.The amount of each installment will be
The amount of interest payable at the end of fourth year will be