CUET Accountancy - Aman and Mohan, partners of a firm decided to dissolve the business on 31-03-22. The firm decided to pay realisation expenses of Rs. 1,000 on behalf of Mohan. Rs.1000 will be debited to | PYQs + Solutions

CUET Accountancy 2022 30 Aug Shift 2

Partnership

Medium

Realisation A/C

Mohan's capital A/C

Bank A/C

Aman's capital A/C

✅ Correct Option: 2

Related questions:

13 May Shift 2

Unrecorded liabilities when paid at the time of dissolution of a partnership firm, are shown in:

15 May Shift 1

Stock at the time of dissolution was appearing in books at Rs 50,000. Half of the stock was sold at a discount of 20% and the remaining was taken over by one of the partners at a 10% discount. What amount was received in cash at the time of realization of stock.

29 May Shift 2

State Journal entry for realisation of investment.

CUET Accountancy 2022 30 Aug Shift 2 PYQs

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