CUET Accountancy - On dissolution of a firm, bank overdraft is transferred to: | PYQs + Solutions

CUET Accountancy

Partnership

Medium

Bank Account

Realisation Account

Partners' Capital Account

Partners' Loan Account

✅ Correct Option: 2

Related questions:

14 May Shift 2

Hanny, Pammy and Sunny are partners sharing profits in the ratio of 3 : 2 : 1. Goodwill is appearing in the books at a value of Rs. 60,000. Pammy retires and at the time of Pammy's retirement, goodwill is valued at Rs. 84,000. Hanny and Sunny decided to share future profits in the ratio of 2:1. Pammy's share of current value of goodwill is-

3 June Shift 1

Naveen, Suresh and Tarun are partners, sharing profits and losses in the ratio of 5:3:2. Suresh retires from the firm and his share was acquired by Naveen and Tarun in the ratio of 2:1. Calculate the new share of profit :

15 May Shift 2

Answer the questions from based on following paragraph

Preeti, Kabir and Shershah are partners in a firm. Kabir retires from the firm. On his date of retirement, Rs 1,00,000 became due to him. Preeti and Shershah promised to pay him in four yearly equal installments plus interest @ 12% p.a. on the unpaid balance every year at the end of the year, to which he agreed.

The dues of Kabir is to be paid in 4 yearly installment.The amount of each installment will be

CUET Accountancy PYQs

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