CUET Accountancy - In the case of fixed capital method, following two accounts are maintained. | PYQs + Solutions

CUET Accountancy 2025 22 May Shift 2

Partnership

Easy

common

Capital account and Balance sheet

Current account and Balance sheet

Capital account and Current account

Revaluation and Capital account

✅ Correct Option: 3

Related questions:

14 May Shift 1

If partnership deed is silent on the profit sharing ratio and other provisions: interest @_____ per annum is allowed on loans advanced by partners:

3 June Shift 2

Which of the following account / statement is prepared to distribute the profit or loss among partners

30 May Shift 2

If there are some accumulated losses in the form of a debit balance of profit and loss account appearing in the balance sheet of the firm, it should be transferred to:

CUET Accountancy 2025 22 May Shift 2 PYQs

Keyboard Shortcuts