CUET Accountancy - Partners' current accounts are transferred to respective Partners' ______ Accounts. | PYQs + Solutions

CUET Accountancy 2025 26 May Shift 2

Partnership

Easy

common

Capital

Realisation

Current

Bank

✅ Correct Option: 1

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Which of the following will lead to dissolution of partnership firm by agreement?

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

30 May Shift 1

In case of the dissolution of a firm, the firm ceases to conduct business and has to settle its accounts. Arrange the following in the correct sequence :

(A) In paying to each partner proportionately what is due to him on account of capital

(B) In paying the debts of the firm to the third parties

(C) In paying each partner proportionately what is due to him/her from the firm for advances as distinguished from capital (i.e. partner's loan)

(D) The residue, if any, shall be divided among the partners in their profit sharing ratio

Choose the correct answer from the options given below:

CUET Accountancy 2025 26 May Shift 2 PYQs

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