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CUET Accountancy 2023 PYQs11 June Shift 3. Free, no login required.

Partnership

past year questions, CUET Accountancy 2023 11 June Shift 3

Accounting

past year questions, Partnership, CUET Accountancy 2023 11 June Shift 3

Medium

__________ is/are not true with regard to Limited liability partnership.

(A) Separate Legal entity

(B) Unlimited liability for one partner

(C) Indian Partnership Act, 1932 is applicable

(D) Perpetual Succession

(E) Unlimited liability of partners

Choose the correct answer from the options given below :

Solution

✅ Correct Option: 2

LLP is governed by the Limited Liability Partnership Act, 2008 (not Indian Partnership Act, 1932), and partners have limited liability. Hence, (C) and (E) are not true. LLP has separate legal entity (A) and perpetual succession (D), which are true features.

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Choose the correct answer from the options given below:

2025: 15 May Shift 2

Which of the following entry shows withdrawal of excess capital by partner's ?:

2026: 29 May Shift 1

The partnership deed of a partnership firm includes:

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Choose the correct answer from the options given below:

2022: 20 Aug Shift 2

Match List I with List II

List IList II
A. Partner's SalaryI. P & L A/c Dr.
B. Manager's SalaryII. P & L Appropriation A/c Dr.
C. Distribution of LossIII. P & L A/c Cr.
D. Commission ReceivedIV. P & L Appropriation A/c Cr.

Choose the correct answer from the options given below:

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