CUET Accountancy - When realisation expenses are paid by the firm on behalf of a partner, such expenses are debited to | PYQs + Solutions

CUET Accountancy 2025 22 May Shift 2

Partnership

Medium

common

Realisation A/C

Partner's Capital A/C

Partner's Loan A/C

Bank A/C

✅ Correct Option: 2

Related questions:

14 May Shift 2

Which combination of statements is true about dissolution-

(A) Dissolution of a partnership is different from dissolution of a firm.

(B) A partnership is dissolved when there is a death of a partner.

(D) A firm is compulsorily dissolved when a partner decides to retire.

Choose the correct answer from the options given below:

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.

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 2 PYQs

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