List of top Accountancy Questions on New Partner asked in CUET (UG)

At the time of admission of a new partner, the balance in the Profit and Loss Account (Credit Balance) appearing in the books is transferred to:
A and B are partners sharing profits in the ratio of 3:2. Their capitals after all adjustments are Rs. 3,60,000 and Rs. 2,40,000 respectively. C is admitted for 1/5th share and brings Rs. 1,50,000 as his capital.
The total capital of the new firm on the basis of C's capital will be:
M and N share profits in the ratio of 3:1. They admit O for 1/4th share. O acquires his share entirely from M.
The new profit-sharing ratio of M, N and O will be:
A and B are partners sharing profits in the ratio of 3:2. They admit C for 1/5th share in profits. The Balance Sheet shows a debit balance of Profit and Loss Account of Rs. 25,000. Goodwill of the firm is valued at Rs. 1,00,000. C brings his share of goodwill in cash.
The amount credited to A's Capital Account on account of goodwill is:
P and Q are partners sharing profits in the ratio of 5:3. They admit R for 1/4th share in profits, which he acquires equally from P and Q.
The sacrificing ratio of P and Q will be:
A and B are partners sharing profits in the ratio of \( 3:2 \). C is admitted as a new partner for a \( \frac{1}{5} \)th share in the profits, which he acquires entirely from A. What will be the new profit-sharing ratio of A, B, and C?
Goodwill brought in cash by the incoming partner is credited to:
Which of the following is not an essential feature of partnership?
X and Y are partners sharing profits in the ratio of \(2:1\). They admit Z into partnership for \( \frac{1}{4} \) share in profits for which he brings Rs.20,000 as his share of capital. Hence, the adjusted capitals of X and Y will be:
Which of the following is not an essential feature of partnership?
Based on the following, answer the question. Amrita and Kalyani are partners sharing profits in the ratio of 3 : 2. They decided to expand the business by admitting Suraj as a new partner for 1/4th share. Suraj’s share of goodwill is valued at Rs 90,000 for which he compensated Amrita and Kalyani in the ratio 1 : 4. Following information is also provided:
  • Machinery : Rs 25,00,000
  • Land : Rs 10,00,000
  • Computer : Rs 2,50,000
  • Workmen compensation fund : Rs 5,30,000
Claim against workmen compensation is Rs 2,00,000 and goodwill appeared in the books at Rs 60,000.
A new partner can be admitted: