CUET Accountancy - On dissolution of a firm, bank overdraft is transferred to: | PYQs + Solutions

CUET Accountancy 2025 27 May Shift 1

Partnership

Easy

common

Cash Account

Bank Account

Realisation Account

Partner's Capital Account

✅ Correct Option: 3

Related questions:

31 May Shift 1

After transferring liabilities like creditors and bills payables in the Realisation Account, in the absence of any information regarding their payment, such liabilities are treated as:

31 May Shift 1

Unrecorded liabilities when paid are shown in:

3 June Shift 1

A firm is dissolved compulsorily in the following cases:

(A) when all the partners or all but one partner, become insolvent, rendering them incompetent to sign a contract

(B) when the business of the firm becomes illegal

(D) when some event has taken place which makes it unlawful for the partners to carry on the business of the firm in partnership

Choose the correct answer from the options given below:

CUET Accountancy 2025 27 May Shift 1 PYQs

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