CUET Accountancy - An unrecorded asset is taken over by a creditor in full settlement in such a case | PYQs + Solutions

CUET Accountancy 2025 2 June Shift 2

Partnership

Medium

common

Realization account is debited.

Realization account is credited.

Creditors' account is debited.

Not recorded anywhere.

✅ 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:

4 June Shift 2

What journal entry will be passed for settlement of loan from a partner of Rs. 50,000 by paying Rs. 45,000 at the time of dissolution of a firm :-

15 May Shift 2

Which of the following will lead to dissolution of partnership firm?

CUET Accountancy 2025 2 June Shift 2 PYQs