CUET Accountancy - Identify which statement is FALSE- | PYQs + Solutions

CUET Accountancy 2025 29 May Shift 2

Partnership

Easy

common

In case of no written agreement between partners, a partnership can be started.

If a partnership deed does not exist, each partner will share profit in equal ratio.

In a partnership deed, the method of settlement of dispute among the partner cannot be included / mentioned.

Maximum number of partners in a Partnership Firm must not exceed 50.

✅ Correct Option: 3

Related questions:

15 May Shift 2

Match List-I with List-II

Match the accounts with their purpose

List-I	List-II
(A) Profit and Loss adjustment A/c	(I) Changes in amount of capital
(B) Profit and loss appropriation A/c	(II) Generally no change in amount of capital
(C) Fixed capital A/c	(III) Errors and omissions found after preparation of final A/c
(D) Fluctuating capital method	(IV) Extention of Profit & loss A/c

Choose the correct answer from the options given below:

CUET Accountancy 2024 Slot 1

Identify the correct sequence to be followed while preparing of final account of a partnership firm:

27 May Shift 2

Which of the following statements relates to Fixed Capital Method?

(A) The capitals of the partners shall remain fixed unless additional capital is introduced or capital is withdrawn.

(B) All items like share of profit or loss, interest on capital, drawings, interest on drawings, etc. are recorded in Partner's Current Account.

(D) The partners' current account may show a debit or a credit balance.

Choose the correct answer from the options given below:

CUET Accountancy 2025 29 May Shift 2 PYQs