CUET Accountancy - For distribution of profits among the partners, the following account is debited to the partners: | PYQs + Solutions

CUET Accountancy 2025 22 May Shift 2

Partnership

Easy

common

Profit and Loss Appropriation A/c

Partner's Capital A/c

Goodwill A/c

Profit and Loss A/c

✅ Correct Option: 1

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Which of the following would affect the Revaluation Account at the time of reconstitution of a partnership firm?

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Which combination of statements is true about partnership-

(A) Valid partnership can be formulated even without a written agreement between the partners.

(B) Methods of settlement of disputes among the partners can't be part of the partnership deed.

(D) Each partner carrying on the business is the principal as well as the agent for all the other partners.

Choose the correct answer from the options given below:

CUET Accountancy 2025 22 May Shift 2 PYQs