CUET Accountancy - In case of the dissolution of a firm, the firm ceases to conduct business and has to settle its accounts. Losses, including deficiencies of capital, shall be paid in the following manner and order: (A) Out of capital of partners. (B) By the partners individually in their profit sharing ratio. (C) Profits. Choose the correct answer from the options given below: | PYQs + Solutions

CUET Accountancy 2025 22 May Shift 1

Partnership

Easy

common

(B), (A), (C)

(C), (A), (B)

(B), (C), (A)

(C), (B), (A)

✅ Correct Option: 2

Related questions:

30 May Shift 1

Which item among the following is NOT listed on the credit side of a Realization Account?

15 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Compulsory Dissolution	(I) Partner becomes insane
(B) Dissolution by notice	(II) Death of a partner
(C) Dissolution by Court	(III) Business become illegal
(D) Dissolution on certain contingencies	(IV) Partnership at will

Choose the correct answer from the options given below:

27 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Compulsory Dissolution	(I) A partner persistently commits breach of partnership agreement.
(B) Happening of contingencies	(II) Death of a partner
(C) Dissolution by Court	(III) According to contract between the partners.
(D) Dissolution by agreement	(IV) Business becomes illegal

Choose the correct answer from the options given below:

CUET Accountancy 2025 22 May Shift 1 PYQs