CUET Accountancy - In case of dissolution of a partnership firm, losses, including deficiencies of capital, shall be paid first out of ............... | PYQs + Solutions

CUET Accountancy 2025 29 May Shift 2

Partnership

Easy

common

Capital of partners

Profits

Partners individual contribution in their profit sharing ratio

Borrowings

✅ Correct Option: 2

Related questions:

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:

27 May Shift 2

In the case of dissolution of a partnership firm, unrecorded liabilities when paid are shown in:

30 May Shift 1

When a firm is dissolved, Provision for Bad and Doubtful Debt Account :-

CUET Accountancy 2025 29 May Shift 2 PYQs