CUET Accountancy - On dissolution of a partnership firm, the bills payable is transferred to : | PYQs + Solutions

CUET Accountancy 2025 3 June Shift 1

Partnership

Easy

common

Cash Account

Realisation account

Bank account

Partners' capital account

✅ Correct Option: 2

Related questions:

30 May Shift 1

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

26 May Shift 2

When a firm is dissolved, the Balance of Investment Account and Balance of Investment Fluctuation Fund Account, shown by Firm's Balance Sheet are transferred into ............... and into ............... respectively:-

27 May 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. In this case,

(A) Realisation A/c is debited by Rs. 10,100

(B) Anubha's Capital A/c is credited by Rs. 9,600.

(D) Anubha's Capital is credited by Rs. 10100.

Choose the correct answer from the options given below:

CUET Accountancy 2025 3 June Shift 1 PYQs

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