CUET Accountancy - At the time of dissolution, a firm transferred Rs.100,000 Assets to the realization account and 50% of the assets were taken over by Kiran at 20% discount. How much net assets were taken over by Kiran? | PYQs + Solutions

CUET Accountancy 2025 29 May Shift 2

Partnership

Easy

common

Rs.50,000.

Rs.45,000.

Rs.30,000

Rs.40,000.

✅ Correct Option: 4

Related questions:

30 May Shift 2

All assets (except cash/bank and fictitious assets) are transferred to the ................... side of ................... Account.

4 June Shift 2

A partnership is not dissolved when:-

3 June Shift 1

In case of dissolution of a firm, the firm ceases to conduct business and has to settle its accounts. The assets of the firm, including any sum contributed by the partners to make up deficiencies of capital, shall be applied in the following manner and order:

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

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

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

Choose the correct answer from the options given below:

CUET Accountancy 2025 29 May Shift 2 PYQs

Keyboard Shortcuts