CUET UG Accountancy 28 May 2023 Shift 3
Show Para
Question Numbers: 41-45
Based on 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 new partner for 1/4th share. Suraj's share of goodwill is valued at ₹90,000 for which he compensated Amrita and Kalyani in the ratio 1 : 4. Following information is also provided:
Claim against workmen compensation is ₹2,00,000 and goodwill appeared in the books at ₹60,000
Based on 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 new partner for 1/4th share. Suraj's share of goodwill is valued at ₹90,000 for which he compensated Amrita and Kalyani in the ratio 1 : 4. Following information is also provided:
| Book Value (₹) | Revalued figure (₹) | |
| Machinery | 25,00,000 | 27,00,000 |
| Land | 10,00,000 | 50,00,000 |
| Computers | 2,50,000 | 50,000 |
| Workmen Compensation Fund | 5,00,000 |
© examsnet.com
Question : 44
Total: 50
Go to Question: