Identify the amount realised in cash from Sundry Debtors. Option 1: Rs. 96,000 Option 2: Rs. 1,03,000 Option 3: Rs. 1,00,000 Option 4: Rs. 51,000

The answer is 'Rs. 51,000'. View full solution:

CUET Accountancy - Identify the amount realised in cash from Sundry Debtors. | PYQs + Solutions

CUET Accountancy 2023 29 May Shift 2

Partnership

Medium

Rs. 96,000

Rs. 1,03,000

Rs. 1,00,000

Rs. 51,000

✅ Correct Option: 4

Related questions:

30 May Shift 2

In case of the dissolution of a firm, the firm ceases to conduct business and has to settle its accounts. Arrange in the correct manner and order the assets of the firm, including any sum contributed by the partners to make up for deficiencies of capital:

(A) In paying to each partner proportionately what is due to him on account of capital

(B) In paying the debts of the firm to the third parties

(C) In paying each partner proportionately what is due to him/her from the firm for advances as distinguished from capital (i.e. partner's loan)

(D) The residue, if any, shall be divided among the partners in their profit sharing ratio

Choose the correct answer from the options given below:

29 May Shift 2

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.

27 May Shift 2

Match List-I with List-II

List-I	List-II
(Events)	(Result.)
(A) Termination of business.	(I) Not possible in the dissolution of partnership.
(b) Continuation of business	(II) Not possible in the dissolution of a firm.
(C) Intervention of court.	(III) Dissolution of firm
(D) Continuation of books of accounts.	(IV) Dissolution of partnership.

Choose the correct answer from the options given below:

CUET Accountancy 2023 29 May Shift 2 PYQs

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