CUET-UG SERIES Accountancy
Retirement
4 previous year questions.
Volume: 4 Ques
Yield: Medium
High-Yield Trend
2
2025 2
2023 Chapter Questions 4 MCQs
01
PYQ 2023
medium
accountancy ID: cuet-ug-
Identify the correct sequence to be followed at the time of Retirement of a Partner :
(A) New Balance Sheet after Retirement
(B) Transferring balance to Retiring partner’s Loan Account
(C) Calculation Gaining/Sacrificing Ratio
(D) Partners’ Capital Account
(E) Preparation of Revaluation Account
Choose the correct answer from the options given below :
(A) New Balance Sheet after Retirement
(B) Transferring balance to Retiring partner’s Loan Account
(C) Calculation Gaining/Sacrificing Ratio
(D) Partners’ Capital Account
(E) Preparation of Revaluation Account
Choose the correct answer from the options given below :
1
(C), (D), (E), (A), (B)
2
(C), (E), (D), (B), (A)
3
(A), (B), (C), (D), (E)
4
(C), (E), (B), (A), (D)
02
PYQ 2023
medium
accountancy ID: cuet-ug-
On retirement, the retiring partner’s capital account will be credited with:
(A) His/Her Capital Balance
(B) His/Her share of goodwill
(C) Share of goodwill of remaining partners
(D) his/her share of Reserve
(E) his/her drawings
Choose the correct answer from the options given below :
(A) His/Her Capital Balance
(B) His/Her share of goodwill
(C) Share of goodwill of remaining partners
(D) his/her share of Reserve
(E) his/her drawings
Choose the correct answer from the options given below :
1
(A), (B) and (C) only
2
(A), (B) and (D) only
3
(B), (C) and (D) only
4
(C), (B) and (D) only
03
PYQ 2025
easy
accountancy ID: cuet-ug-
Rana, Sana and Kamana are partners, sharing profits in the ratio 4:3:2. Rana retires; Sana and Kamana decided to share profits in the future in the ratio of 5:3. The Gaining Ratio of Sana and Kamana will be -
1
21:11
2
11:21
3
11:22
4
12:21
04
PYQ 2025
medium
accountancy ID: cuet-ug-
The sum due to the retiring partner includes: (A) His share of profits up to the date of retirement.
(B) His share of goodwill.
(C) His share of accumulated profits.
(D) His share in the gain of revaluation of assets and liabilities.
Choose the correct answer from the options given below:
(B) His share of goodwill.
(C) His share of accumulated profits.
(D) His share in the gain of revaluation of assets and liabilities.
Choose the correct answer from the options given below:
1
(A), (B) and (D) only
2
(A), (B) and (C) only
3
(A), (B), (C) and (D)
4
(B), (C) and (D) only