CUET Accountancy - On dissolution of a firm, partner's loan account is transferred to: | PYQs + Solutions

CUET Accountancy 2025 14 May Shift 1

Partnership

Easy

Bank Account

Realisation Account

Partner's Capital Account

Partner's Current Account

✅ Correct Option: 1

Related questions:

22 May Shift 2

The assets of the firm, including any sum contributed by the partners to make deficiencies of capital, shall be applied first for paying ………….

22 May Shift 2

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

27 May Shift 2

On the happening of certain contingencies, Subject to contract between the partners, a firm is dissolved ,

(A) if constituted for a fixed term, by the expiry of that term.

(B) If constituted to carry out one or more ventures, by the completion thereof.

(C)by the death of a partner

(D) by the adjudication of a partner as an insolvent

Choose the correct answer from the options given below:

CUET Accountancy 2025 14 May Shift 1 PYQs