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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Partnership

Question:

Arrange Steps For Capitalisation of Super Profits:

(A) Calculate average profit for the past years, as specified.
(B) Calculate the capital of the firm.
(C) Calculate normal profits on capital employed.
(D) Multiply the super profits with the required rate of return multiplier
(E) Calculate super profits by deducting normal profits from average profits.

Choose the correct answer from the options given below:

Options:

(A), (E), (B), (C), (D)

(A), (C), (B), (E), (D)

(B), (E), (A), (D), (C)

(B), (C), (A), (E), (D)

Correct Answer:

(B), (C), (A), (E), (D)

Explanation:

The correct answer is Option (4) → (B), (C), (A), (E), (D)

CUET Questions