CUET Accountancy - On the dissolution of a firm, creditor's are transferred to: | PYQs + Solutions

CUET Accountancy 2025 13 May Shift 1

Partnership

Easy

Cash Account

Bank Account

Realisation Account

Partners Capital Account

✅ Correct Option: 3

Related questions:

3 June Shift 2

The dissolution of partnership may take place in any of the following ways except:

22 May Shift 1

In the case of the Dissolution of partnership firm, which accounts are opened:

(A) Realization Account

(B) Revaluation Account

(D) Bank Account

Choose the correct answer from the options given below:

4 June Shift 2

As per Section 48 of the Partnership Act 1932, which of the following will be utilized for payment of losses, including deficiencies of capital:

(A) Out of Profits

(B) Out of capital of Partners

(D) Creditors Assets

Choose the correct answer from the options given below:

CUET Accountancy 2025 13 May Shift 1 PYQs