CUET Accountancy - On the dissolution of a firm, the Creditors are transferred to : | PYQs + Solutions

CUET Accountancy 2025 30 May Shift 1

Partnership

Easy

common

Realization Account

Bank Account

Cash Account

Partner's capital Account

✅ Correct Option: 1

Related questions:

4 June Shift 2

According to section .......... of the Partnership Act, 1932, the dissolution of partnership between all the partners of a firm is called the dissolution of the firm.

31 May Shift 1

Which combination of statements is true about dissolution-

(A). Dissolution of a partnership is different from dissolution of a firm.

(B). A partnership is dissolved when there is a death of a partner.

(C). A firm is dissolved when all partners give consent to it.

(D). A firm is compulsorily dissolved when a partner decides to retire.

Choose the correct answer from the options given below:

16 May Shift 1

While settlement of Accounts, what should be the order of application of assets of Firm

(A) In paying the debts of the firm to the third parties

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

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

Choose the correct answer from the options given below:

CUET Accountancy 2025 30 May Shift 1 PYQs

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