CUET Accountancy - In case of Fixed Capital Method, at the time of dissolution of a firm, An un-recorded asset are taken over by a partner, which Journal Entry will be recorded in the books of the Partnership Firm :- | PYQs + Solutions

CUET Accountancy 2025 4 June Shift 2

Partnership

Medium

common

Bank A/c Dr.

To Realisation A/c

Realisation A/c Dr.

To Bank A/c

Partner's Capital Account A/c Dr.

To Realisation A/c

Partner's Current Account A/c Dr.

To Realisation A/c

✅ Correct Option: 4

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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 :-

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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 :-

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According to section _________ of the Partnership Act, 1932, the dissolution of partnership between all the partners of a firm is called the dissolution of the firm.

CUET Accountancy 2025 4 June Shift 2 PYQs

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