Stock was overvalued by Rs. 4,000, so the true value is lower. Corrected Stock = 40,000 - 4,000 = 36,000. This revised figure appears in the new Balance Sheet after admission.
Value of stock to be shown in Balance sheet after admission will be :
Held on 20 Jul 2022 · Verified 13 Jul 2026.
Rs. 48,000
Rs. 32,000
Rs. 36,000
Rs. 40,000
Sign in to track your attempts and accuracy.
Sign in to keep a private note on this question. Nothing you write is ever public.
Match List-I with List-II | List-I | List-II | |---|---| | (A) Meaning of Dissolution | (I) Section 49,of the partnership Act 1932 | | (B) Application of Assets | (II) Section 39,of the partnership Act 1932 | | (C) Private Debts Vs Firm's Debts | (III) Section 4,of the partnership Act 1932 | | (D) Nature of Partnership | (IV) Section 48,of the partnership Act 1932 | Choose the correct answer from the options given below:
Which of the below mentioned methods are considered while valuing goodwill (A) Average Profits Method (B) Super Profits Method (C) Peacemeal distribution Method (D) Capitalization Method Choose the correct answer from the options given below:
Under which method No. of Year's Purchase are not considered
If nothing is mentioned, the amount due to retiring partner is transferred to _______.
Match List-I with List-II | List-I | List-II | |---|---| | (A) Accumulated Profits/Losses | (I) New Ratio | | (B) Share of goodwill at the time of admission of a partner | (II) Gaining Ratio | | (C) Division of profits after admission of a partner | (III) Old Ratio | | (D) Share of goodwill at the time of retirement/death of a partner | (IV) Sacrificing Ratio | Choose the correct answer from the options given below:
Work through every CUET UG Partnership PYQ, year by year.