CUET Accountancy - The entry for realisation expenses in above case study will be: | PYQs + Solutions

CUET Accountancy

Partnership

Easy

Realisation A/c Dr.

To Cash A/c

Realisation A/c Dr.

To G's Capital A/c

G's Capital A/c Dr.

To Realisation A/c

Cash A/c Dr.

To Realisation A/c

✅ Correct Option: 2

Related questions:

22 May Shift 1

Partner's current accounts are transferred to the respective partners' ________ at the time of dissolution of a partnership.

22 May Shift 1

Dissolution of a firm takes place on the happening of certain contingencies in the following cases:

(A) By the death of a partner

(B) By the adjudication of a partner as an insolvent

(D) If constituted for a fixed term, by the expiry of that term

Choose the correct answer from the options given below:

30 May Shift 2

All assets (except cash/bank and fictitious assets) are transferred to the ................... side of ................... Account.

CUET Accountancy PYQs