Determine Gain/Loss on Realisation. Option 1: Loss ₹ 2,40,000 Option 2: Gain ₹ 24,000 Option 3: Loss ₹ 1,70,000 Option 4: Loss ₹ 2,10,000

The answer is 'Loss ₹ 2,40,000'. View full solution:

CUET Accountancy - Determine Gain/Loss on Realisation. | PYQs + Solutions

CUET Accountancy

Partnership

Medium

Loss ₹ 2,40,000

Gain ₹ 24,000

Loss ₹ 1,70,000

Loss ₹ 2,10,000

✅ Correct Option: 1

Related questions:

11 June Shift 3

Realisation A/c is debited with __________ on the dissolution of firm.

29 May Shift 2

According to which section of the partnership Act 1932, the dissolution of a partnership between all the partners of a firm is called the dissolution of the firm?

27 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Compulsory Dissolution	(I) A partner persistently commits breach of partnership agreement.
(B) Happening of contingencies	(II) Death of a partner
(C) Dissolution by Court	(III) According to contract between the partners.
(D) Dissolution by agreement	(IV) Business becomes illegal

Choose the correct answer from the options given below:

(A) - (IV), (B) - (I), (C) - (III), (D) - (II)
(A) - (II), (B) - (I), (C) - (IV), (D) - (III)
(A) - (IV), (B) - (II), (C) - (I), (D) - (III)
(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

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