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CUET Accountancy 2026 PYQs6 June Shift 1. Free, no login required.

Partnership

past year questions, CUET Accountancy 2026 6 June Shift 1

Dissolution

past year questions, Partnership, CUET Accountancy 2026 6 June Shift 1

Easy

common

Match List-I with List-II

List-IList-II
(A) Partner pays the dissolution expenses and firm agrees to reimburse(I) Debit Realisation Account and Credit Bank/Cash Account
(B) Partner bears the dissolution expenses on his own(II) Excess shall be borne by the partner
(C) Firm bears the dissolution expenses(III) No entry
(D) Firm has given the fixed sum to a partner for bearing dissolution expenses irrespective of actual amount(IV) Debit Realisation Account and Credit Partner's Capital Account

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

When a partner pays expenses to be reimbursed by the firm, Realisation A/c is debited and Partner's Capital A/c is credited, so (A)-(IV). If the partner bears them himself, no entry is passed, so (B)-(III). If the firm bears them, Realisation A/c is debited and Bank/Cash A/c is credited, so (C)-(I). If a fixed sum is given irrespective of actual expenses, any excess is borne by the partner, so (D)-(II).

Related questions:

2025: 3 June Shift 1

On dissolution of a partnership firm, the bills payable is transferred to :

2023: 29 May Shift 2

Out of the following when will the need for valuation of goodwill does not arise:

2025: 15 May Shift 1

Arrange the following in the sequence in which they shall be applied in payment at the time of dissolution of a firm:

(A) The debts of the firm to the third parties.

(B) Partner proportionately what is due to him/her from the firm for advances as distinguished from capital (i.e. partner's loan).

(C) Each partner proportionately what is due to him on account of capital.

(D) Divided among the partners in their profit sharing ratio.

Choose the correct answer from the options given below:

2025: 3 June Shift 1

Match List-I with List-II

List–I (Events)List–II (Result)
(A) Termination of business.(I) Not possible in dissolution of partnership.
(B) Continuation of Business(II) Not possible in the dissolution of a firm.
(C) Intervention of court.(III) Dissolution of firm
(D) Continuation of books of accounts.(IV) Dissolution of partnership.

Choose the correct answer from the options given below:

2022: 30 Aug Shift 2

The treatment of Goodwill appearing in the balance sheet will be:

2025: 4 June Shift 2

What journal entry will be passed for settlement of loan from a partner of Rs. 50,000 by paying Rs. 45,000 at the time of dissolution of a firm :-

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CUET Accountancy Past Year Questions (Topic-Wise)