CUET Accountancy - Section 49, of the Indian Partnership Act 1932, deals with | PYQs + Solutions

CUET Accountancy 2025 2 June Shift 2

Partnership

Medium

common

Treatment of losses

Application of Assets

Provision of Indian Partnership Act 1932

Private Debts and Firm's Debts

✅ Correct Option: 2,4

Related questions:

30 May Shift 1

In case of the dissolution of a firm, the firm ceases to conduct business and has to settle its accounts. Arrange the following in the correct sequence :

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

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

(C) 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)

(D) The residue, if any, shall be divided among the partners in their profit sharing ratio

Choose the correct answer from the options given below:

30 May Shift 1

On the dissolution of a firm, the Creditors are transferred to :

2 June Shift 2

Unrecorded Debtors, are realised at the time of dissolution of a Partnership Firm, will be shown in:

CUET Accountancy 2025 2 June Shift 2 PYQs

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