CUET PYQs for Reconstitution of Partnership with Solutions: Practice CUET Previous Year Questions

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Reconstitution of Partnership is an important topic in the Accountancy section in CUET exam. Practising this topic will increase your score overall and make your conceptual grip on CUET exam stronger.

This article gives you a full set of CUET PYQs for Reconstitution of Partnership with explanations for effective preparation. Practice of CUET Accountancy PYQs including Reconstitution of Partnership questions regularly will improve accuracy, speed, and confidence in the CUET 2026 exam.

CUET PYQs for Reconstitution of Partnership with Solutions

1.
On the date of admission of a partner, there was a balance of ₹45,000 in the account of machinery. It was found undervalued by 10%. The value of machinery will appear in the new Balance Sheet at
- ₹49,500
- ₹40,500
- ₹40,000
- ₹50,000
View Solution
2.
A, B, and C are partners sharing profits in the ratio of 3:3:4. They decide to share future profits equally. The sacrifice or gain of partners are
- A gains 2/30; B gains 3/30; C sacrifices 5/30
- A gains 2/30; B gains 1/30; C sacrifices 3/30
- A sacrifices 1/30; B gains 3/30; C sacrifices 2/30
- A gains 1/30; B gains 1/30; C sacrifices 2/30
View Solution
3.
Arrange the admission procedure in correct sequence: (A) Giving share to the new partner.
(B) Treatment of Goodwill.
(C) Calculating new profit sharing ratio and sacrificing ratio.
(D) Preparation of Revaluation A/c.
(E) Preparing Partner's Capital A/c and Balance Sheet.
- (A), (B), (C), (D), (E)
- (A), (C), (B), (D), (E)
- (A), (D), (C), (B), (E)
- (A), (B), (C), (E), (D)
View Solution
4.
If a share of 100 on which 80 was called up and 70 paid up was forfeited, state the amount with which the share capital account will be debited:
- 100
- 80
- 70
- 10
View Solution
5.
The adjustment required for overvaluation of closing stock, while calculating adjusted profit for calculating goodwill is:
(A) reduction from concerned years profit.
(B) reduction from next years profit.
(C) addition to next years profit.
(D) addition to previous years profit.
Choose the correct answer from the options given below :
- (A), (B), and (D) only
- (A) and (D) only
- (A) and (C) only
- (B), (C), and (D) only
View Solution
6.
Anshu and Nitu are partners sharing profits in the ratio of 3:2. They admitted Jyoti as a new partner for 3/10 share. Jyoti acquired 2/10 from Anshu and 1/10 from Nitu. Calculate the new profit sharing ratio of Anshu , Nitu and Jyoti
- 4 : 3 : 3
- 3 : 4 : 3
- 3 : 3 : 4
- 3 : 2 : 1
View Solution
7.
A, B and C are partners in a firm. If D is admitted as a new partner, what will be its effect?
- Old firm is dissolved
- Old firm and old partnership is dissolved
- Old partnership is reconstituted
- Firm will lose its existence
View Solution
8.
The journal entry for treatment of goodwill, when a new partner brings his share of goodwill in cash and one of the old partners gains, involves the following
(A) Gaining Partner’s Capital Account is debited
(B) Premium for Goodwill Account is debited
(C) Sacrificing Partner’s Capital Account is credited
(D) Gaining Partner’s Capital Account is credited
- (A), (B), and (D) only
- (A), (B), (C), and (D)
- (A), (B), and (C) only
- (B), (C), and (D) only
View Solution
9.
If there is no claim against Workmen Compensation Reserve, it is __________ at the time of admission of a partner
Fill in the blanks with the correct answer from the option given below
- Credited to old partners' capital accounts
- Credited to all partners' capital accounts
- Debited to old partners' capital account
- Debited to all partners' capital accounts
View Solution
10.
Which of the following would affect the Revaluation Account at the time of admission of a partner?
(A) Increase in assets
(B) Drawings against capital
(C) Recording of unrecorded assets
(D) Decrease in liabilities
- (A), (C), and (D) only
- (A), (B), and (D) only
- (A), (B), and (C) only
- (B), (C), and (D) only
View Solution
11.
A and B are partners sharing profits in the ratio of 2:1. C is admitted into the firm for 1/4 share of profits. C brings in Rs. 20,000 in respect of his capital. The capitals of old partners A and B, after all adjustments relating to goodwill, revaluation of assets and liabilities, etc., are Rs. 45,000 and Rs. 15,000 respectively. It is agreed that partners' capitals should be according to the new profit sharing ratio. Determine the new profit sharing ratio.
- 6 : 3 : 2
- 2 : 1 : 1
- 2 : 1 : 2
- 1 : 2 : 1
View Solution
12.
Which of the following would affect the Revaluation Account at the time of reconstitution of a partnership firm?
- Increase in assets
- Drawings against capital
- Interest on capital
- Partner’s salary
View Solution
13.
Kavita and Lalita are partners sharing profits in the ratio of 2:1. They decide to admit Mohan for 1/4th share in future profits with a guaranteed amount of ₹25,000.Both Kavita and Lalita undertake to meet liability arising due to gauranteed amount to Mohan in their respective profit sharing ratio. The firm earned profits of ₹76,000 for the year 2022-23. The deficiency borne by Kavita is
- ₹2,000
- ₹4,000
- ₹6,000
- ₹4,500
View Solution

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CUET PYQs for Reconstitution of Partnership with Solutions

1.On the date of admission of a partner, there was a balance of ₹45,000 in the account of machinery. It was found undervalued by 10%. The value of machinery will appear in the new Balance Sheet at

2.A, B, and C are partners sharing profits in the ratio of 3:3:4. They decide to share future profits equally. The sacrifice or gain of partners are

3.Arrange the admission procedure in correct sequence: (A) Giving share to the new partner. (B) Treatment of Goodwill. (C) Calculating new profit sharing ratio and sacrificing ratio. (D) Preparation of Revaluation A/c. (E) Preparing Partner's Capital A/c and Balance Sheet.

4.If a share of 100 on which 80 was called up and 70 paid up was forfeited, state the amount with which the share capital account will be debited:

6.Anshu and Nitu are partners sharing profits in the ratio of 3:2. They admitted Jyoti as a new partner for 3/10 share. Jyoti acquired 2/10 from Anshu and 1/10 from Nitu. Calculate the new profit sharing ratio of Anshu , Nitu and Jyoti

7.A, B and C are partners in a firm. If D is admitted as a new partner, what will be its effect?

9.If there is no claim against Workmen Compensation Reserve, it is __________ at the time of admission of a partnerFill in the blanks with the correct answer from the option given below

10.Which of the following would affect the Revaluation Account at the time of admission of a partner?(A) Increase in assets(B) Drawings against capital(C) Recording of unrecorded assets(D) Decrease in liabilities

12.Which of the following would affect the Revaluation Account at the time of reconstitution of a partnership firm?

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1.
On the date of admission of a partner, there was a balance of ₹45,000 in the account of machinery. It was found undervalued by 10%. The value of machinery will appear in the new Balance Sheet at

2.
A, B, and C are partners sharing profits in the ratio of 3:3:4. They decide to share future profits equally. The sacrifice or gain of partners are

3.
Arrange the admission procedure in correct sequence: (A) Giving share to the new partner.
(B) Treatment of Goodwill.
(C) Calculating new profit sharing ratio and sacrificing ratio.
(D) Preparation of Revaluation A/c.
(E) Preparing Partner's Capital A/c and Balance Sheet.

4.
If a share of 100 on which 80 was called up and 70 paid up was forfeited, state the amount with which the share capital account will be debited:

6.
Anshu and Nitu are partners sharing profits in the ratio of 3:2. They admitted Jyoti as a new partner for 3/10 share. Jyoti acquired 2/10 from Anshu and 1/10 from Nitu. Calculate the new profit sharing ratio of Anshu , Nitu and Jyoti

7.
A, B and C are partners in a firm. If D is admitted as a new partner, what will be its effect?

9.
If there is no claim against Workmen Compensation Reserve, it is __________ at the time of admission of a partner
Fill in the blanks with the correct answer from the option given below

10.
Which of the following would affect the Revaluation Account at the time of admission of a partner?
(A) Increase in assets
(B) Drawings against capital
(C) Recording of unrecorded assets
(D) Decrease in liabilities

12.
Which of the following would affect the Revaluation Account at the time of reconstitution of a partnership firm?