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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

Medium

common

Which of the following are credited to the Realisation Account?

A. Assets taken over by a partner

B. Liabilities paid by the firm

C. Sale of assets

D. Realisation of Unrecorded assets

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 2

Realisation A/c is credited whenever value is recovered against transferred assets. An asset taken over by a partner is credited (Partner's Capital Dr.), sale of assets is credited (Bank Dr.), and unrecorded assets realised are credited (Bank Dr.). Liabilities paid by the firm are debited to Realisation A/c, not credited. Hence A, C and D only.

Related questions:

2025: 27 May Shift 2

At the time of dissolution of a Firm, the Loan from a Partner Account should be

2025: 22 May Shift 2

Which of the following are the ways for the dissolution of a firm?

(A) Dissolution by Notice

(B) Dissolution by agreement

(C) Dissolution by court

(D) Dissolution by not terminating business

Choose the correct answer from the options given below:

2025: 29 May Shift 2

In case of dissolution of a partnership firm, losses, including deficiencies of capital, shall be paid first out of ...............

2025: 30 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.

(C). A firm is dissolved when all partners give consent to it.

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

Choose the correct answer from the options given below:

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:

2026: 29 May Shift 2

On dissolution of the firm, Partners Capital Account are closed through:

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