Question:
Arrange the following statements in proper sequence in context of admission of partner.
A. Finalising terms for admission of new partner
B. Calculation of sacrificing/ gaining ratio
C. Finalising balance in partner's capital A/c
D. Calculation of new profit sharing ratio
E. Valuation and adjustment of goodwill
Choose the correct answer from the options given below:
Arrange the following statements in proper sequence in context of admission of partner.
A. Finalising terms for admission of new partner
B. Calculation of sacrificing/ gaining ratio
C. Finalising balance in partner's capital A/c
D. Calculation of new profit sharing ratio
E. Valuation and adjustment of goodwill
Choose the correct answer from the options given below:
A. Finalising terms for admission of new partner
B. Calculation of sacrificing/ gaining ratio
C. Finalising balance in partner's capital A/c
D. Calculation of new profit sharing ratio
E. Valuation and adjustment of goodwill
Choose the correct answer from the options given below:
Updated On: Apr 19, 2024
- A, E, C, D, B
- A, D, B, E, C
- A, C, E, B, D
- A, C, B, D, E
Hide Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
The correct option is (B): A, D, B, E, C
Was this answer helpful?
0
0
Top Questions on Partnership
- Aman invested Rs. (P + 3000) for 3 years at 8% simple interest. Anuj invested an amount of Rs. P for 2 years at 12% compound interest and received the same amount of interest as Aman received. Find the amount that is invested by Anuj.
- A newly admitted partner acquires two main rights in the partnership firm.
Identify the correct rights of the newly admitted partner.
(A) Right to share assets of the partnership firm
(B) Right to claim interest on capital
(C) Right to claim remuneration for firm’s work
(D) Right to share profits of the partnership firm
Choose the correct answer from the options given below:- CUET (UG) - 2024
- Accountancy
- Partnership
- Y and Z are partners in a firm. If W is admitted as a new partner, what will happen?
- CUET (UG) - 2023
- Accountancy
- Partnership
- Arrange the following in the context of Accounting for partnership.
A. Preparation for Trading and Profit and Loss Account.
B. Calculation of divisble profit or Loss.
C. Preparation of profit and loss Appropriation Account.
D. Preparation of Balance Sheet.
E. Preparation of partner's capital Account.
Choose the correct answer from the given below :- CUET (UG) - 2023
- Accountancy
- Partnership
- In the absence of partnership agreement, mutual relations of partners are governed by the ________
- CUET (UG) - 2023
- Accountancy
- Partnership
View More Questions
Questions Asked in CUET exam
- Who devised the concept of Intelligence Quotient (IQ)?
- CUET (UG) - 2024
- Psychological attributes
- A molecule X associates in a given solvent as per the following equation:
X ⇌ (X)n
For a given concentration of X, the van’t Hoff factor was found to be 0.80 and the
fraction of associated molecules was 0.3. The correct value of ‘n’ is:- CUET (UG) - 2024
- Solutions
- If \(A = \begin{bmatrix} 3 & 2 \\ -1 & 1 \end{bmatrix} \quad \text{and} \quad B = \begin{bmatrix} -1 & 0 \\ 2 & 5 \\ 3 & 4 \end{bmatrix},\)then \((BA)^T\) is equal to:
- CUET (UG) - 2024
- Matrices
- Two resistances of 100 \(\Omega\) and 200 \(\Omega\) are connected in series across a 20 V battery as shown in the figure below. The reading in a 200 \(\Omega\) voltmeter connected across the 200 \(\Omega\) esistance is _______.
Fill in the blank with the correct answer from the options given below- CUET (UG) - 2024
- Current electricity
- The equation of the tangent to the curve x5/2 + y5/2 = 33 at the point(1, 4) is:
- CUET (UG) - 2024
- Differential Calculus
View More Questions