Correct sequences of activities involved in case of admission of a partner is-
A. Calculation of New and Sacrificing ratios
B. Preparing of Revaluation account
C. Preparation of partners Capital account
D. Adjustments of Capitals
E. Preparation of New Balance Sheet. Choose the correct answer from the options given below:
This question was previously asked in
Shift 16/06/2023 3:30 PM - 6:30 PM
A
B, A, C, D, E
B
A, B, C, D, E
C
C, D, E, A, B
D
E, A, B, C, D
Correct Answer
A, B, C, D, E
Detailed Explanation
NOTE* AS PER NTA THE ANSWER TO THIS QUESTION IS (1)
Get Dubuddy App
Practice on the go with our mobile app
More CUET Questions
1
Which of the following are cash outflow from Operating Activities.
A. Payment of Dividend
B. Payment of employee benefit expenses
C. Payment of taxes
D. Purchase of Inventory from suppliers
E. Purchase of furniture for cash.
Choose the correct answer from the options given below:
2
A and B are partners in a firm sharing profit in 4:1 ratio. They admitted 'C' as a new partner for 25% share in the profit, which he acquired wholly from A. Determine the new profit sharing ratio.
3
The item that is not recorded in the Income and Expenditure account is:
4
On retirement of a partner, the retiring partner's capital account will be credited with:
Test Series
CUET Subjects
Your CUET Journey Starts with DuBuddy
CUET ki Practice Means DuBuddy Pe Practice