CUET Accountancy - One of the partner took-over furniture at the time of dissolution of the firm, which account will be debited: | PYQs + Solutions

CUET Accountancy 2025 22 May Shift 1

Partnership

Easy

common

Realisation Account

Partner's Current Account

Partner's Loan Account

Partner's Capital Account

✅ Correct Option: 4

Related questions:

3 June Shift 1

A firm is dissolved compulsorily in the following cases:

(A) when all the partners or all but one partner, become insolvent, rendering them incompetent to sign a contract

(B) when the business of the firm becomes illegal

(D) when some event has taken place which makes it unlawful for the partners to carry on the business of the firm in partnership

Choose the correct answer from the options given below:

22 May Shift 2

Which of the following are the ways for the dissolution of a firm?

(A) Dissolution by Notice

(B) Dissolution by agreement

(D) Dissolution by not terminating business

Choose the correct answer from the options given below:

27 May Shift 2

The order to be followed in preparation of realization account is.

(A) Realization of the assets.

(B) Transfer assets and liabilities to realization account.

(D) Payment of liabilities.

Choose the correct answer from the options given below:

CUET Accountancy 2025 22 May Shift 1 PYQs