AfterBoards Logo
Skip to main contentSkip to solution

CUET Accountancy 2023 PYQs20 June Shift 2. Free, no login required.

Partnership

past year questions, CUET Accountancy 2023 20 June Shift 2

Accounting

past year questions, Partnership, CUET Accountancy 2023 20 June Shift 2

Medium

Match List I with List II

LIST ILIST II
A. Only Capital A/c existI. Credited to partner's capital account
B. Capital account balance remain unchangedII. Debited to Partner's Capital Account
C. Fresh/additional capital brought in by partnerIII. Fixed Capital Account
D. Permanent withdrawalIV. Fluctuating Capital Account

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

Under the fluctuating capital method only one Capital A/c is maintained (A-IV). Under the fixed capital method the Capital A/c balance stays unchanged (B-III). Additional capital introduced is credited to Capital A/c (C-I). A permanent withdrawal is debited to Capital A/c (D-II).

Related questions:

2026: 20 May Shift 1

Select the essential features of partnership from the following:

(A) Partnership is the result of an agreement between partners.

(B) Co-ownership of a property between people amounts to partnership.

(C) Sharing of profits and losses of a business.

(D) Each partner carrying on the business is the principal as well as the agent for all the other partners.

Choose the correct answer from the options given below:

2024

2022: 16 July Shift 2

Soni, Moni and Toni are partners sharing profits in the ratio of 5:3:2. If Moni's share of profit at the end of the year amounted to Rs.1,50,000. What will be Soni's share of profits?

2025: 15 May Shift 1

What is the amount of profit to be credited to A's Capital account?

2025: 4 June Shift 2

Match List-I with List-II

List-IList-II
(A). Admission of a New Partner(I). Realisation Account
(B). Retirement of a Partner(II). Sacrificing Ratio
(C). Dissolution of Partnership(III). Executors Account
(D). Death of A Partner(IV). Revaluation of Assets and Liabilities

Choose the correct answer from the options given below:

2023: 20 June Shift 2

Salary of a partner is shown in

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question

CUET Accountancy Past Year Questions (Topic-Wise)