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CUET Accountancy 2026 PYQs23 May Shift 2. Free, no login required.

Partnership

past year questions, CUET Accountancy 2026 23 May Shift 2

Dissolution

past year questions, Partnership, CUET Accountancy 2026 23 May Shift 2

Easy

common

Select the correct sequence of payment of the following from the amount realised by the sale of assets on the dissolution of a partnership firm.

A. Partners' capital

B. Residue (if any)

C. Partner's loan

D. Outside liabilities of the firm

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

Section 48 fixes the order: outside creditors first, then partners' loans, then partners' capitals, and any residue is distributed among partners in their profit sharing ratio. Hence D, C, A, B.

Related questions:

2026: 20 May Shift 1

At the time of dissolution of a partnership firm, the stock appeared in the books was Rs 35,000. One of the partner took over 50% of the stock at 10% less than its book value, and the remaining stock was sold at a gain of 15%. Find the total amount realized from the stock in cash.

2026: 20 May Shift 1

Match List-I with List-II

List-I (Cases for payment of realisation expenses)List-II (Journal entry)
(A) When realisation expenses are incurred and paid by the firm(I) Realisation A/c Dr. To Partner's Capital A/c
(B) When realisation expenses are paid by a partner on behalf of the firm(II) No entry is required
(C) When a partner has agreed to bear the realisation expenses and the realisation expenses are paid by the firm(III) Realisation A/c Dr. To Bank A/c
(D) When a partner has agreed to bear the realisation expenses and the partner himself pays the realisation expenses.(IV) Partner's Capital A/C Dr. To Bank A/c

Choose the correct answer from the options given below:

2025: 13 May Shift 1

Which of the following indicate the situation of compulsory dissolution.

2025: 22 May Shift 1

Dissolution of a firm takes place on the happening of certain contingencies in the following cases:

(A) By the death of a partner

(B) By the adjudication of a partner as an insolvent

(C) When the business of the firm becomes illegal

(D) If constituted for a fixed term, by the expiry of that term

Choose the correct answer from the options given below:

2025: 27 May Shift 1

Match List-I with List-II

List-IList-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:

  1. (A) - (IV), (B) - (I), (C) - (III), (D) - (II)
  2. (A) - (II), (B) - (I), (C) - (IV), (D) - (III)
  3. (A) - (IV), (B) - (II), (C) - (I), (D) - (III)
  4. (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

2025: 14 May Shift 1

On dissolution of a firm, partner's loan account is transferred to:

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