CUET Accountancy - Select out of the following that is not considered as one of the modes of reconstitution of a partnership firm. | PYQs + Solutions

CUET Accountancy 2023 20 June Shift 2

Partnership

Easy

Change in the profit sharing ratio among the existing partners

Admission of a new partner

Retirement of an existing partner

Dissolution of a partnership firm

✅ Correct Option: 4

Related questions:

CUET Accountancy 2024 Slot 1

Existing Profit and Loss Account in the books of the firm will be shared/borne by partners in the ratio:

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In case of dissolution of a firm, Losses including deficiencies of capital, shall be paid first out of ....

27 May Shift 2

Identify the steps involved in the accounting treatment in the case of dissolution of firm:

(A) Capital accounts of partners are prepared and their final settlement is done.

(B) The balance of realisation account (profit or loss on realization) is transferred to partners' capital accounts in the profit sharing ratio.

(D) Realisation account is prepared.

(E) Bank account is prepared.

Choose the correct answer from the options given below:

CUET Accountancy 2023 20 June Shift 2 PYQs