UGC NET Partnership accounts Previous Year Questions
JRFSmart holds 16 previous-year questions on Partnership accounts from UGC NET Commerce (Paper 2), filed under Unit 2: Accounting and Auditing, drawn from 15 of the 22 exam papers in the bank (2018–2025). Each question can be practised with a full explanation and shows how often NTA has returned to the same idea.
What is asked in Partnership accounts
The questions in this topic fall under these subtopics, ordered by how many previous-year questions each has.
| Subtopic | Questions |
|---|---|
| Admission - new profit ratio | 2 |
| Admission of a partner - new ratio | 2 |
| Sacrificing ratio on admission | 2 |
| Rights of partners | 1 |
| Valuation of goodwill - super profit | 1 |
| Appropriation of profit | 1 |
| Admission and the profit-sharing ratio | 1 |
| Goodwill adjustment on admission | 1 |
| Dissolution - realisation account | 1 |
| Retirement of a partner - revaluation | 1 |
| Retirement - gaining ratio | 1 |
| Admission of a new partner | 1 |
NTA repeat analysis
Partnership accounts appears in 15 of 22 papers (68%), which JRFSmart rates as high frequency.
1 question in this topic has been verified as repeated in more than one paper.
Sample previous-year questions
X & Y are partners sharing profits and losses in the ratio of 3:2. They admit Z as a new partner with 1/5 share in the profits. Calculate the new profit-sharing ratio of the partners.
Which of the following statements are true regarding admission of a new partner? A. According to section 25 of the Indian Partnership Act, 1932, a person can be admitted as partner. B. New Profit - sharing ratio is the ratio in which all partners, including…
A, B and C were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2. A died on September 15, 2025. At that time, the capitals of B and C after all the adjustments were Rs. 3,56,000 and Rs. 2,44,000 respectively. B and C decided to adjust…
X and Y are partners in a firm sharing profits in the ratio 4:5. X surrenders 1/4 of his share and Y surrenders 1/5 of his share in favour of Z, the new partner. What will be the new profit-sharing ratio of the firm's partners?
A and B are equal partners, when partnership is dissolved, their capital are Rs. 40,000 and Rs. 50,000 respectively. After all assets are sold and liabilities paid, there is a cash balance of Rs. 80,000. What is the amount of profit or loss on realization?
Given below are two statements: One is labelled as Assertion A and the other is labelled as Reason R. Assertion A: When a partner retires, all the assets and liabilities are revalued according to current value. Reason R: The balance sheet should show the…
In which ratio, will the remaining partners compensate the retiring partner for a share of goodwill?
The profit for the year before appropriation in a partnership firm. was Rs. 50,000. Shagun, one of the partners, receives a salary of Rs. 4,000 and interest at ten per cent per annum on his capital of Rs. 1,00,000. Amir, the other partner, receives interest…
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