CUET Accountancy - If there are some accumulated losses in the form of a debit balance of profit and loss account appearing in the balance sheet of the firm. It should be transferred to: | PYQs + Solutions

CUET Accountancy 2025 30 May Shift 1

Partnership

Easy

common

The old partners' capital accounts.

The new partners' capital accounts.

All partners' capital accounts.

Not any partners' capital accounts.

✅ Correct Option: 1

Related questions:

14 May Shift 1

Amitabh and Babul are partners sharing profits in the ratio of 3:2, with capitals of Rs. 50,000 and Rs. 30,000 respectively. Interest on capital is agreed @ 6% p.a. Babul is to be allowed an annual salary of Rs. 2,500. Manager is to be allowed commission Rs. 5,000. Amitabh has also given a loan on April 01, 2019 of Rs. 50,000 to the firm without any agreement. During the year 2019-20, the profits earned is Rs. 22,250. What amount of profit will be transferred to Profit and Loss Appropriation account :

15 May Shift 2

Match List-I with List-II

If the partnership deed is silent regarding the items provided in List-I

List-I	List-II
(A) Interest on Capital	(I) to be shared equally
(B) Interest on Loan	(II) not charged
(C) Interest on Drawings	(III) not payable
(D) Sharing of Profits	(IV) @6% p.a.

Choose the correct answer from the options given below:

26 May Shift 2

Which of the following is not always an essential feature of partnership?

CUET Accountancy 2025 30 May Shift 1 PYQs

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