CUET Accountancy - Existing Profit and Loss Account in the books of the firm will be shared/borne by partners in the ratio: | PYQs + Solutions

CUET Accountancy

Partnership

Easy

5 : 3 : 2

Equal Ratio

4 : 3 : 2

Ratio of closing capital claims

✅ Correct Option: 1

Related questions:

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:

29 May Shift 2

In which of the following case court can order dissolution of a partnership firm.

26 May Shift 2

Partners' current accounts are transferred to respective Partners' ______ Accounts.

CUET Accountancy PYQs

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