CUET Accountancy - A partnership is not dissolved when:- | PYQs + Solutions

CUET Accountancy 2025 4 June Shift 2

Partnership

Easy

common

A new partner is admitted into firm.

Firm's business is closed down permanently.

Firm's books of accounts are permanently closed.

Economic relationship between partners comes to an end.

✅ Correct Option: 1

Related questions:

3 June Shift 1

Partner's current accounts are transferred to respective Partners' _____________________.

4 June Shift 2

In case of dissolution of firm, the bank overdraft is transferred to:

16 May Shift 1

While settlement of Accounts, what should be the order of application of assets of Firm

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

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

(D) 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)

Choose the correct answer from the options given below:

CUET Accountancy 2025 4 June Shift 2 PYQs