CUET Accountancy - All assets (except cash/bank and fictitious assets) are transferred to the ................... side of ................... Account. | PYQs + Solutions

CUET Accountancy 2025 30 May Shift 2

Partnership

Easy

common

Debit/Capital

Credit/Capital

Realization/Capital

Debit/Realization

✅ Correct Option: 4

Related questions:

27 May Shift 2

Match List-I with List-II

List-I	List-II
(Events)	(Result.)
(A) Termination of business.	(I) Not possible in the dissolution of partnership.
(b) Continuation of business	(II) Not possible in the dissolution of a firm.
(C) Intervention of court.	(III) Dissolution of firm
(D) Continuation of books of accounts.	(IV) Dissolution of partnership.

Choose the correct answer from the options given below:

2 June Shift 2

Anubha looked after the dissolution work for remuneration of Rs. 8,500 and agreed to bear dissolution expenses upto Rs. 6,000. Actual expenses paid by her were Rs. 7,600. What will be the journal entry for remuneration payable to Anubha?

(A) Realisation A/c is debited by 8,500

(B) Anubha's Capital A/c is credited by 8,500.

(D) Anubha's Capital is credited by13,600.

Choose the correct answer from the options given below:

22 May Shift 2

If the asset is taken over by the creditor in lieu of the amount due to him, then the journal entry will be:

CUET Accountancy 2025 30 May Shift 2 PYQs

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