CUET Accountancy - At the time of dissolution, when creditor accepts an asset whose value is much more than the amount due to him, he will _________ the excess amount which will be credited to _________ account? | PYQs + Solutions

CUET Accountancy 2025 4 June Shift 2

Partnership

Easy

common

Not Pay, Realisation

Pay, Realisation

Pay, Revaluation

Not pay, revaluation

✅ Correct Option: 2

Related questions:

13 May Shift 1

When realization expenses are paid by the firm on behalf of a partner, such expenses are debited to:

27 May Shift 1

Arrange the following in correct sequence in the case of dissolution of a partnership.

(A) Preparing a Bank account

(B) Realizing assets and payments of liabilities.

(D) Preparation of capital account of partners.

Choose the correct answer from the options given below:

3 June Shift 1

On dissolution of a partnership firm, the bills payable is transferred to :

CUET Accountancy 2025 4 June Shift 2 PYQs