CUET Accountancy - When a firm is dissolved with the consent of all the partners, it is called: | PYQs + Solutions

CUET Accountancy 2025 22 May Shift 1

Partnership

Easy

common

Compulsory Dissolution

Dissolution by Notice

Dissolution by Court

Dissolution by Agreement

✅ Correct Option: 4

Related questions:

15 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Payment of loans due to partners	(I) Realisation A/c Dr To Bank A/c
(B) For settlement of partners' accounts, in case their capital account shows a debit balance	(II) Bank A/c Dr. A/c To loan to partners
(C) For settlement of loan by a firm to a partner	(III) Bank A/c Dr. To Partner's Capital A/c
(D) For settlement of any unrecorded liability	(IV) Partner's Loan A/c Dr. To Bank A/c

Choose the correct answer from the options given below:

13 May Shift 1

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

29 May Shift 2

Stock at the time of dissolution was appearing in books at Rs 50,000. Half of the stock was sold at a discount of 20% and the remaining was taken over by one of the partners at a 10% discount. What amount was received in cash at the time of realization of stock.

CUET Accountancy 2025 22 May Shift 1 PYQs

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