CUET Accountancy - In the case of dissolution of a partnership firm, unrecorded liabilities when paid are shown in: | PYQs + Solutions

CUET Accountancy 2025 27 May Shift 2

Partnership

Easy

common

Debit of Realisation Account

Credit of Realisation Account

Debit of Bank Account

Credit of Capital account.

✅ Correct Option: 1

Related questions:

3 June Shift 2

Arrange the following in correct order in which assets of the firm can be used in the settlement.

(A) Residue shall be divided between the partners in their profit sharing ratio.

(B) In paying the partners proportionately what is due to him/her on account of capital.

(D) In paying the debts of the firm to the third parties.

Choose the correct answer from the options given below:

16 May Shift 1

Amount of Assets realized debited to Bank Account will be:

22 May Shift 2

Which of the following are the ways for the dissolution of a firm?

(A) Dissolution by Notice

(B) Dissolution by agreement

(D) Dissolution by not terminating business

Choose the correct answer from the options given below:

CUET Accountancy 2025 27 May Shift 2 PYQs