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:

16 May Shift 1

Valuation of goodwill is not done in which of the following case?

31 May Shift 1

The Court may order a partnership firm to be dissolved in which of the following case?

22 May Shift 1

In case of the dissolution of a firm, the firm ceases to conduct business and has to settle its accounts. Losses, including deficiencies of capital, shall be paid in the following manner and order:

(A) Out of capital of partners.

(B) By the partners individually in their profit sharing ratio.

Choose the correct answer from the options given below:

CUET Accountancy PYQs

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