CUET Accountancy - At the time of dissolution, if an asset is taken over by a partner, what journal will be recorded in the books of the firm :- | PYQs + Solutions

CUET Accountancy 2025 3 June Shift 2

Partnership

Easy

common

Partner Capital A/c Dr.

To Realisation A/c

Partner Capital A/c Dr.

To Assets A/c

Bank A/c Dr.

To Realisation A/c

Bank A/c Dr.

To Assets A/c

✅ Correct Option: 1

Related questions:

15 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Compulsory Dissolution	(I) Partner becomes insane
(B) Dissolution by notice	(II) Death of a partner
(C) Dissolution by Court	(III) Business become illegal
(D) Dissolution on certain contingencies	(IV) Partnership at will

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:

26 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Dissolution of firm by agreement	(I) When a partner becomes insane
(B) Compulsory dissolution of firm	(II) With the consent of all partners
(C) Dissolution of firm by notice	(III) When business of a firm becomes illegal
(D) Dissolution of firm by Court	(IV) At the request of any one partner

Choose the correct answer from the options given below:

CUET Accountancy 2025 3 June Shift 2 PYQs

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