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CUET Accountancy 2026 PYQs31 May Shift 1. Free, no login required.

Partnership

past year questions, CUET Accountancy 2026 31 May Shift 1

Dissolution

past year questions, Partnership, CUET Accountancy 2026 31 May Shift 1

Easy

common

Arrange the steps in order while preparing Realisation A/c in case of dissolution of a partnership firm.

A. Transfer of Assets & Liabilities

B. Sale of Assets

C. Payment of Liabilities

D. Transfer of Profit & Loss to Partners' Capital A/c

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 1

The Realisation A/c is built up in this order: transfer assets to its debit and external liabilities to its credit (A); record sale or realisation of assets (B); record payment of liabilities (C); and balance the account, transferring the resulting profit or loss to the partners' capital accounts in their profit sharing ratio (D). Hence A, B, C, D.

Related questions:

2025: 30 May Shift 1

Match List-I with List-II

List-IList-II
(A) On dissolution of a firm, creditors is transferred to:(I) Bank account is credited
(B) Unrecorded liabilities when paid:(II) Realization Account
(C) When realization expenses are paid by the firm on behalf of a partner, such expenses are(III) Bank account is debited.
(D) When unrecorded assets are sold(IV) Partner's Capital Account

Choose the correct answer from the options given below:

2025: 13 May Shift 2

When the business of the partnership firm becomes illegal, it leads to dissolution of the firm under ___________?

2023: 29 May Shift 2

State Journal entry for payment of realisation expenses.

2022: 16 July Shift 2

At the time of dissolution of their firm, Ahmed and Subhash, who are partners of that firm, agreed that Ahmed will pay realization expenses for a fixed remuneration of Rs.12,000. The actual expenses were Rs. 16,000. The Journal entry to be passed is

2025: 31 May Shift 1

Unrecorded liabilities when paid are shown in:

2023: 28 May Shift 1

Rohit a partner paid the realisation expenses of Rs. 10,000 and he was to get a remuneration of Rs. 12,000 for completing the dissolution process and realisation expenses were borne by Rohit. The amount transferred to his capital A/c will be :

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CUET Accountancy Past Year Questions (Topic-Wise)