CUET Accountancy - Accounting treatment for a partnership firm is similar to that of a sole proprietorship business except the following aspects: (A) Distribution of Profit and Loss among the partners (B) Dissolution of Partnership Firm (C) Raising Capital through public offering (D) Adjustments for Wrong Appropriation of Profits in the Past Choose the correct answer from the options given below: | PYQs + Solutions

CUET Accountancy 2025 15 May Shift 2

Partnership

Medium

(A), (B) and (C) only

(A), (B), (C) and (D)

(A), (B) and (D) only

(B), (C) and (D) only

✅ Correct Option: 3

Related questions:

16 May Shift 1

Ram, one of the partners, has withdrawn ₹ 1,00,000 from Business for his personal work. If the rate of interest charged on drawings is 12% p.a., find the amount of interest on drawings to be charged from Ram:

27 May Shift 2

Which of the following statements relates to Fixed Capital Method?

(A) The capitals of the partners shall remain fixed unless additional capital is introduced or capital is withdrawn.

(B) All items like share of profit or loss, interest on capital, drawings, interest on drawings, etc. are recorded in Partner's Current Account.

(D) The partners' current account may show a debit or a credit balance.

Choose the correct answer from the options given below:

14 May Shift 2

Partnership comes into existence as a result of an agreement among the partners, that agreement is called......

CUET Accountancy 2025 15 May Shift 2 PYQs

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