by DeepWebLabs
CUET-UG SERIES
Accountancy

New Partner

1 previous year questions.

Volume: 1 Ques
Yield: Medium

High-Yield Trend

1
2023

Chapter Questions
1 MCQs

01
PYQ 2023
medium
accountancy ID: cuet-ug-
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:
1
If all the existing partners agree
2
If Majority of the existing partner agree
3
If any one of the existing partner agree
4
If 4/5th of the existing partner agree

About New Partner - CUET-UG

New Partner is a vital chapter for CUET-UG aspirants. Mastering the concepts covered in this chapter is essential for securing a top rank.

By rigorously practicing the previous year questions associated with this chapter, you can identify high-yield topics, understand the examiner's perspective, and boost your confidence during the actual exam.

Frequently Asked Questions

Why focus on New Partner PYQs?

Analyzing PYQs for this specific chapter reveals the most frequently tested concepts and the typical complexity of questions, allowing you to tailor your study plan efficiently.

How to best use this analysis?

Review the topic breakdown to see which sub-topics within New Partner carry the most weight. Then, tackle the questions iteratively to solidify your understanding.