CUET Accountancy - Partnership - Dissolution | Free Questions

Q1:

4 June Shift 2

Partnership

>

Easy

Q1:

Bank Account

Partners' capital account

Realisation account

Partners' current account

Correct Answer

Option 3

Correct Answer

Explanation →

Q2:

4 June Shift 2

Partnership

>

Easy

Q2:

36

35

39

37

Correct Answer

Option 3

Correct Answer

Explanation →

Q3:

4 June Shift 2

Partnership

>

Medium

Q3:

Bank A/c Dr.

To Realisation A/c

Realisation A/c Dr.

To Bank A/c

Partner's Capital Account A/c Dr.

To Realisation A/c

Partner's Current Account A/c Dr.

To Realisation A/c

Correct Answer

Option 4

Correct Answer

Explanation →

Q4:

4 June Shift 2

Partnership

>

Easy

Q4:

(B), (A) (C), (D)

(C), (D), (A), (B)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q5:

4 June Shift 2

Partnership

>

Easy

Q5:

A new partner is admitted into firm.

Firm's business is closed down permanently.

Firm's books of accounts are permanently closed.

Economic relationship between partners comes to an end.

Correct Answer

Option 1

Correct Answer

Explanation →

Q6:

4 June Shift 2

Partnership

>

Easy

Q6:

Not Pay, Realisation

Pay, Realisation

Pay, Revaluation

Not pay, revaluation

Correct Answer

Option 2

Correct Answer

Explanation →

Q7:

4 June Shift 2

Partnership

>

Easy

Q7:

Loan from Partner A/c Dr. 50,000

To Bank A/c 45,000

To Realisation A/c 5,000

Loan from Partner A/c Dr. 50,000

To Bank A/c 50,000

Realisation A/c Dr. 50,000

To Bank A/c 50,000

Loan from Partner A/c Dr. 45,000

To Bank A/c -45,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q8:

4 June Shift 2

Partnership

>

Medium

Q8:

(A), (B) and (D) only

(A), (B) and (C) only

(B) and (D) only

(A) and (C) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q9:

4 June Shift 2

Partnership

>

Medium

Q9:

(A), (B) and (D) only

(A), (B) and (C) only

(B), (C) and (D) only

(A), (C) and (D) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q10:

3 June Shift 2

Partnership

>

Medium

Q10:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option Drop

Correct Answer

Explanation →

Q11:

3 June Shift 2

Partnership

>

Easy

Q11:

36

37

38

39

Correct Answer

Option 4

Correct Answer

Explanation →

Q12:

3 June Shift 2

Partnership

>

Medium

Q12:

The amount of Provision for Debtors is transferred to the Credit Side of the Realisation Account.

The amount of Provision for Debtors is transferred to the Debit Side of the Realisation Account.

The amount of Provision for Debtors is transferred to the Credit Side of the Bank Account.

The amount of Provision for Debtors is transferred to the Credit Side of the Capital Account.

Correct Answer

Option 1

Correct Answer

Explanation →

Q13:

3 June Shift 2

Partnership

>

Easy

Q13:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(D), (C), (B), (A)

Correct Answer

Option 4

Correct Answer

Explanation →

Q14:

3 June Shift 2

Partnership

>

Easy

Q14:

Partner Capital A/c Dr.

To Realisation A/c

Partner Capital A/c Dr.

To Assets A/c

Bank A/c Dr.

To Realisation A/c

Bank A/c Dr.

To Assets A/c

Correct Answer

Option 1

Correct Answer

Explanation →

Q15:

3 June Shift 2

Partnership

>

Medium

Q15:

(A) and (D) only

(A), (B) and (D) only

(D) only

(A), (B), (C) and (D)

Correct Answer

Option 2

Correct Answer

Explanation →

Q16:

3 June Shift 2

Partnership

>

Easy

Q16:

Change in existing profit sharing ratio

Admission of a new partner

Death of a partner

Expansion of the business

Correct Answer

Option 4

Correct Answer

Explanation →

Q17:

3 June Shift 2

Partnership

>

Medium

Q17:

A partner took an un-recorded asset, it will be shown the credit side of realization account.

A partner takes an un-recorded asset, it will be shown the credit side of partners capital account

A partner took a recorded liability, it will be shown the credit side of realization account

A partner took an un-recorded liability, it will be shown the credit side of realization account.

Correct Answer

Option 1

Correct Answer

Explanation →

Q18:

3 June Shift 2

Partnership

>

Medium

Q18:

Realisation A/c Dr. 63,600

To Bhuvan's Capital A/c 63,600

Bank Loan A/c Dr. 63,600

To Bank A/c 63,600

Realisation A/c Dr. 60,000

To Bhuvan's Capital A/c 60,000

Realisation A/c Dr. 60,000

Interest on Bank Loan A/c Dr. 3,600

To Bhuvan's Capital A/c 63,600

Correct Answer

Option 1

Correct Answer

Explanation →

Q19:

3 June Shift 1

Partnership

>

Medium

Q19:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(A), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q20:

3 June Shift 1

Partnership

>

Medium

Q20:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1,4

Correct Answer

Explanation →

Q21:

3 June Shift 1

Partnership

>

Easy

Q21:

36

40

41

39

Correct Answer

Option 4

Correct Answer

Explanation →

Q22:

3 June Shift 1

Partnership

>

Easy

Q22:

Cash Account

Realisation account

Bank account

Partners' capital account

Correct Answer

Option 2

Correct Answer

Explanation →

Q23:

3 June Shift 1

Partnership

>

Easy

Q23:

Never paid

Fully paid

Partly paid

Half paid

Correct Answer

Option 2

Correct Answer

Explanation →

Q24:

3 June Shift 1

Partnership

>

Easy

Q24:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q25:

3 June Shift 1

Partnership

>

Easy

Q25:

(B), (A), (C), (D)

(C), (D), (A), (B)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q26:

3 June Shift 1

Partnership

>

Easy

Q26:

his private debt, the firm's debts

the firm's debts, his private debt

his private debt, other partners' private debts

the firm's debts, other partners' private debt.

Correct Answer

Option 1

Correct Answer

Explanation →

Q27:

3 June Shift 1

Partnership

>

Easy

Q27:

Rs.8910.

Rs.9,200.

Rs.9,000.

Rs.8,000.

Correct Answer

Option 3

Correct Answer

Explanation →

Q28:

3 June Shift 1

Partnership

>

Easy

Q28:

Debit of Realisation Account

Debit of Bank Account

Credit of Realisation Account

Credit of Bank Account

Correct Answer

Option 3

Correct Answer

Explanation →

Q29:

3 June Shift 1

Partnership

>

Easy

Q29:

Loan Accounts

Capital Accounts

Bank Account

Realisation Account

Correct Answer

Option 2

Correct Answer

Explanation →

Q30:

2 June Shift 2

Partnership

>

Medium

Q30:

Treatment of losses

Application of Assets

Provision of Indian Partnership Act 1932

Private Debts and Firm's Debts

Correct Answer

Option 2,4

Correct Answer

Explanation →

Q31:

2 June Shift 2

Partnership

>

Medium

Q31:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 4

Correct Answer

Explanation →

Q32:

2 June Shift 2

Partnership

>

Easy

Q32:

(A), (B), (C), (D)

(A), (B), (D), (C)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q33:

2 June Shift 2

Partnership

>

Medium

Q33:

Partners' Capital Account

Credit of Realisation Account

Debit of Bank Account

Debit of Realisation Account

Correct Answer

Option 2,3

Correct Answer

Explanation →

Q34:

2 June Shift 2

Partnership

>

Easy

Q34:

Realisation Account

Partner's Capital Account

Partner's Loan Account

Bank Account

Correct Answer

Option 2

Correct Answer

Explanation →

Q35:

2 June Shift 2

Partnership

>

Medium

Q35:

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q36:

2 June Shift 2

Partnership

>

Medium

Q36:

Realization account is debited.

Realization account is credited.

Creditors' account is debited.

Not recorded anywhere.

Correct Answer

Option 4

Correct Answer

Explanation →

Q37:

2 June Shift 2

Partnership

>

Medium

Q37:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1,4

Correct Answer

Explanation →

Q38:

2 June Shift 2

Partnership

>

Medium

Q38:

(A) and (B) only

(B) and (D) only

(A), (B), (C) and (D)

(C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q39:

2 June Shift 2

Partnership

>

Medium

Q39:

Bank Account

Realisation Account

Partner's Current Account

Loan from Partner Account

Correct Answer

Option 1

Correct Answer

Explanation →

Q40:

31 May Shift 1

Partnership

>

Medium

Q40:

Debit of Realisation Account

Debit of Bank Account

Credit of Realisation Account

Not shown anywhere

Correct Answer

Option 1

Correct Answer

Explanation →

Q41:

31 May Shift 1

Partnership

>

Easy

Q41:

Dissolution by Death

Dissolution by Agreement

Dissolution by Court

Voluntarily by one partner

Correct Answer

Option 4

Correct Answer

Explanation →

Q42:

31 May Shift 1

Partnership

>

Medium

Q42:

When the business of the firm becomes illegal

On the death of a partner

When a partner becomes insane

On the expiry of the term of the partnership

Correct Answer

Option 3

Correct Answer

Explanation →

Q43:

31 May Shift 1

Partnership

>

Easy

Q43:

Realization Account

Partners' Capital Accounts

Bank Account

Partner Loan Account

Correct Answer

Option 2

Correct Answer

Explanation →

Q44:

31 May Shift 1

Partnership

>

Easy

Q44:

Realisation Account

Drawings Account

Bank Account

Loan Account.

Correct Answer

Option 3

Correct Answer

Explanation →

Q45:

31 May Shift 1

Partnership

>

Easy

Q45:

Bank Account

Realisation Account

Partner's Capital Account

Partner's Current Account

Correct Answer

Option 1

Correct Answer

Explanation →

Q46:

31 May Shift 1

Partnership

>

Easy

Q46:

36

37

38

39

Correct Answer

Option 4

Correct Answer

Explanation →

Q47:

31 May Shift 1

Partnership

>

Easy

Q47:

Never paid

Fully paid

Partly paid

Paid according to Capital contribution

Correct Answer

Option 2

Correct Answer

Explanation →

Q48:

31 May Shift 1

Partnership

>

Medium

Q48:

(A), (B) and (D) only

(A), (B) and (C) only

(B), (C) and (D) only

(A), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q49:

30 May Shift 2

Partnership

>

Easy

Q49:

Realization Account

Bank Account

Cash Account

Partner's capital Account

Correct Answer

Option 1

Correct Answer

Explanation →

Q50:

30 May Shift 2

Partnership

>

Easy

Q50:

Realisation Account

Bank Account

Revaluation Account

Realisation expense Account

Correct Answer

Option 1

Correct Answer

Explanation →

Q51:

30 May Shift 2

Partnership

>

Medium

Q51:

(A), (B) and (D) only

(A), (B) and (C) only

(B), (C) and (D) only

(B) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q52:

30 May Shift 2

Partnership

>

Easy

Q52:

(B), (C), (A), (D)

(A), (B), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 1

Correct Answer

Explanation →

Q53:

30 May Shift 2

Partnership

>

Easy

Q53:

Debit of Realisation Account

Debit of Bank Account

Credit of Realisation Account

Debit of Revaluation Account

Correct Answer

Option 1,4

Correct Answer

Explanation →

Q54:

30 May Shift 2

Partnership

>

Easy

Q54:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q55:

30 May Shift 2

Partnership

>

Easy

Q55:

Debit/Capital

Credit/Capital

Realization/Capital

Debit/Realization

Correct Answer

Option 4

Correct Answer

Explanation →

Q56:

30 May Shift 2

Partnership

>

Medium

Q56:

Realisation Account

Partner's Capital Account

Partner's Loan Account

Revaluation Account

Correct Answer

Option 2

Correct Answer

Explanation →

Q57:

30 May Shift 1

Partnership

>

Easy

Q57:

Realization Account

Bank Account

Cash Account

Partner's capital Account

Correct Answer

Option 1

Correct Answer

Explanation →

Q58:

30 May Shift 1

Partnership

>

Medium

Q58:

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation →

Q59:

30 May Shift 1

Partnership

>

Easy

Q59:

Loan Account

Bank Account

Drawings Account

Realisation Account

Correct Answer

Option 2

Correct Answer

Explanation →

Q60:

30 May Shift 1

Partnership

>

Easy

Q60:

(B), (C), (A), (D)

(A), (B), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 1

Correct Answer

Explanation →

Q61:

30 May Shift 1

Partnership

>

Easy

Q61:

Bank Loan Mortgage

Loan to other parties

Outstanding expenses

Provision for doubtful debts

Correct Answer

Option 2

Correct Answer

Explanation →

Q62:

30 May Shift 1

Partnership

>

Medium

Q62:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q63:

30 May Shift 1

Partnership

>

Easy

Q63:

Debit of Realisation Account

Debit of Bank Account

Credit of Realisation Account

Credit of Bank Account

Correct Answer

Option 1,4

Correct Answer

Explanation →

Q64:

30 May Shift 1

Partnership

>

Medium

Q64:

Is transferred into Realisaion Account and paid out.

Is transferred into Realisaion Account but not paid out.

Is not transferred into Realisaion Account.

Is not transferred into Realisaion Account and also not paid out.

Correct Answer

Option 2

Correct Answer

Explanation →

Q65:

30 May Shift 1

Partnership

>

Medium

Q65:

Debit Side of Realisation Account, Credit side of Realisation Account

Credit Side of Realisation Account, Debit side of Realisation Account

Credit Side of Realisation Account, Debit side of Capital Account

Credit Side of Realisation Account, Credit side of Current Account

Correct Answer

Option 1

Correct Answer

Explanation →

Q66:

30 May Shift 1

Partnership

>

Easy

Q66:

Debit/Capital

Credit/Capital

Realisation/Capital

Debit/Realization

Correct Answer

Option 4

Correct Answer

Explanation →

Q67:

29 May Shift 2

Partnership

>

Easy

Q67:

Admission of a partner

With the consent of all the partners.

Death of a partner

Expiry of the period of partnership

Correct Answer

Option 2

Correct Answer

Explanation →

Q68:

29 May Shift 2

Partnership

>

Medium

Q68:

On the death of a partner

On the expiry of term of partnership

When business cannot be carried on except at a loss.

When a partner become insolvent.

Correct Answer

Option 3

Correct Answer

Explanation →

Q69:

29 May Shift 2

Partnership

>

Easy

Q69:

(A) and (D) only

(A), (B) and (D) only

(D) only

(A), (B), (C) and (D)

Correct Answer

Option 2

Correct Answer

Explanation →

Q70:

29 May Shift 2

Partnership

>

Easy

Q70:

Section 32

Section 33

Section 38

Section 39

Correct Answer

Option 4

Correct Answer

Explanation →

Q71:

29 May Shift 2

Partnership

>

Medium

Q71:

Rs 25,000

Rs 20,000

Rs 22,500

Rs 45,000

Correct Answer

Option 2

Correct Answer

Explanation →

Q72:

29 May Shift 2

Partnership

>

Medium

Q72:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 4

Correct Answer

Explanation →

Q73:

29 May Shift 2

Partnership

>

Easy

Q73:

Rs.50,000.

Rs.45,000.

Rs.30,000

Rs.40,000.

Correct Answer

Option 4

Correct Answer

Explanation →

Q74:

29 May Shift 2

Partnership

>

Easy

Q74:

Capital of partners

Profits

Partners individual contribution in their profit sharing ratio

Borrowings

Correct Answer

Option 2

Correct Answer

Explanation →

Q75:

29 May Shift 2

Partnership

>

Medium

Q75:

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (IV), (B) - (II), (C) - (III), (D) - (I)

(A) - (III), (B) - (II), (C) - (IV), (D) - (I)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation →

Q76:

27 May Shift 2

Partnership

>

Medium

Q76:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1,4

Correct Answer

Explanation →

Q77:

27 May Shift 2

Partnership

>

Medium

Q77:

Bank Account Debit & Unrecorded Asset Account Credit.

Realisation Account Debit & Bank Account Credit.

Unrecorded Asset Account Debit & Bank Account Credit.

Bank Account Debit & Realization Account Credit.

Correct Answer

Option 4

Correct Answer

Explanation →

Q78:

27 May Shift 2

Partnership

>

Easy

Q78:

Debit of Realisation Account

Credit of Realisation Account

Debit of Bank Account

Credit of Capital account.

Correct Answer

Option 1

Correct Answer

Explanation →

Q79:

27 May Shift 2

Partnership

>

Easy

Q79:

Rs.8,910.

Rs.9,200.

Rs.9,000.

Rs.8,940.

Correct Answer

Option 3

Correct Answer

Explanation →

Q80:

27 May Shift 2

Partnership

>

Medium

Q80:

(A), (B), (C), (D), (E)

(D), (C), (B), (A), (E)

(A), (D), (B), (E), (C)

(D), (B), (C), (A), (E)

Correct Answer

Option 2

Correct Answer

Explanation →

Q81:

27 May Shift 2

Partnership

>

Medium

Q81:

(A) and (B) only

(B) and (D) only

(A), (B), (C) and (D)

(C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q82:

27 May Shift 2

Partnership

>

Easy

Q82:

(A), (C) and (D) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q83:

27 May Shift 2

Partnership

>

Easy

Q83:

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q84:

27 May Shift 2

Partnership

>

Easy

Q84:

Paid out separately

Transferred into Realization Account

Transferred into Partners' Capital Account

Transferred into Partners' Current Account

Correct Answer

Option 1

Correct Answer

Explanation →

Q85:

27 May Shift 2

Partnership

>

Easy

Q85:

(A), (B), (C), (D)

(A), (B), (D), (C)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q86:

27 May Shift 2

Partnership

>

Easy

Q86:

When all partners dies.

When the business of the firm is less profitable.

If tenure of Partnership mentioned in Partnership Deed is extended.

When a partner becomes insane.

Correct Answer

Option 4

Correct Answer

Explanation →

Q87:

27 May Shift 1

Partnership

>

Medium

Q87:

Debit of Realisation Account

Debit of Bank Account

Credit of realisation Acount

Credit of Bank Account

Correct Answer

Option 1,4

Correct Answer

Explanation →

Q88:

27 May Shift 1

Partnership

>

Medium

Q88:

Death of a partner

With the consent of all partners

When a partner becomes insane

When the adjudication of a partner as an insolvent

Correct Answer

Option 3

Correct Answer

Explanation →

Q89:

27 May Shift 1

Partnership

>

Easy

Q89:

Loan

Capital

Current

Realisation

Correct Answer

Option 2

Correct Answer

Explanation →

Q90:

27 May Shift 1

Partnership

>

Easy

Q90:

Cash Account

Bank Account

Realisation Account

Partner's Capital Account

Correct Answer

Option 3

Correct Answer

Explanation →

Q91:

27 May Shift 1

Partnership

>

Medium

Q91:

(A) - (IV), (B) - (I), (C) - (III), (D) - (II)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (IV), (B) - (II), (C) - (I), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 3

Correct Answer

Explanation →

Q92:

27 May Shift 1

Partnership

>

Easy

Q92:

Realisation Account in Equal Ratio

Realisation Account in Profit Sharing Ratio

Capital Accounts in Equal Ratio

Capital Accounts in Profit Sharing Ratio

Correct Answer

Option 4

Correct Answer

Explanation →

Q93:

27 May Shift 1

Partnership

>

Easy

Q93:

Debit of Realisation Account

Debit of Bank Account

Credit of Realisation Account

Credit of Bank Account

Correct Answer

Option 3

Correct Answer

Explanation →

Q94:

27 May Shift 1

Partnership

>

Medium

Q94:

(A), (C), (B), (D)

(B), (C), (D), (A)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 4

Correct Answer

Explanation →

Q95:

27 May Shift 1

Partnership

>

Medium

Q95:

(B) and (D) only

(A), (B) and (D) only

(A) and (D) only

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q96:

27 May Shift 1

Partnership

>

Medium

Q96:

On the death of a partner

When a partner becomes insane.

When business of the firm becomes illegal.

When the business of the firm cannot be carried on except at a loss,

Correct Answer

Option 3

Correct Answer

Explanation →

Q97:

26 May Shift 2

Partnership

>

Easy

Q97:

Capital

Realisation

Current

Bank

Correct Answer

Option 1

Correct Answer

Explanation →

Q98:

26 May Shift 2

Partnership

>

Medium

Q98:

Debit Side of Realisation Account, Credit side of Realisation Account

Credit Side of Realisation Account, Debit side of Realisation Account

Credit Side of Realisation Account, Debit side of Capital Account

Credit Side of Realisation Account, Credit side of Current Account

Correct Answer

Option 1

Correct Answer

Explanation →

Q99:

26 May Shift 2

Partnership

>

Easy

Q99:

(C), (B), (A), (D)

(B), (A), (D), (C)

(B), (A), (C), (D)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q100:

26 May Shift 2

Partnership

>

Medium

Q100:

Bank Loan Mortgage

Bills Payable

Furniture and Fittings

Partners' Loan

Correct Answer

Option 4

Correct Answer

Explanation →

Q101:

26 May Shift 2

Partnership

>

Medium

Q101:

(A), (B) and (D) only

(B), (C) and (D) only

(A), (B) and (C) only

(B), (C) and (D) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q102:

26 May Shift 2

Partnership

>

Medium

Q102:

(A), (B) and (D) only

(A), (B) and (C) only

(B) and (D) only

(A) and (C) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q103:

26 May Shift 2

Partnership

>

Easy

Q103:

Capital Accounts in Profit Sharing Ratio

Realisation Account in Profit Sharing Ratio

Capital Accounts in Equal Ratio

Realisation Account in Equal Ratio

Correct Answer

Option 1

Correct Answer

Explanation →

Q104:

26 May Shift 2

Partnership

>

Medium

Q104:

(A) - (II), (B) - (III), (C) - (I), (D) - (IV)

(A) - (II), (B) - (III), (C) - (IV), (D) - (I)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q105:

24 May Shift 1

Partnership

>

Easy

Q105:

Debit of Realisation Account

Debit of Bank Account

Credit of Realisation Account

Credit of Bank Account

Correct Answer

Option 1

Correct Answer

Explanation →

Q106:

24 May Shift 1

Partnership

>

Easy

Q106:

Realisation Account

Capital Account

Revaluation Account

Current Account

Correct Answer

Option 1

Correct Answer

Explanation →

Q107:

24 May Shift 1

Partnership

>

Medium

Q107:

(A), (B) and (D) only

(A), (C) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q108:

24 May Shift 1

Partnership

>

Medium

Q108:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D) only

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q109:

22 May Shift 2

Partnership

>

Easy

Q109:

Cash Account

Bank Account

Realisation Account

Partners Capital Account

Correct Answer

Option 3

Correct Answer

Explanation →

Q110:

22 May Shift 2

Partnership

>

Easy

Q110:

36

37

38

39

Correct Answer

Option 4

Correct Answer

Explanation →

Q111:

22 May Shift 2

Partnership

>

Easy

Q111:

Realisation A/C

Partner's Loan A/C

Partner's Current A/C

Bank A/C

Correct Answer

Option 4

Correct Answer

Explanation →

Q112:

22 May Shift 2

Partnership

>

Medium

Q112:

When a partner becomes insane.

On the death of a partner

When the business of the firm becomes illegal.

When a partner becomes permanently incapable of performing his duties as a partner

Correct Answer

Option 3

Correct Answer

Explanation →

Q113:

22 May Shift 2

Partnership

>

Medium

Q113:

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (I), (C) - (IV), (D) - (II)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q114:

22 May Shift 2

Partnership

>

Easy

Q114:

(A), (B) and (C) only

(A), (C) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q115:

22 May Shift 2

Partnership

>

Easy

Q115:

Each partner proportionately for any advances made to firm.

Debts of the firm to the third parties

Paying partners proportionately for their capital balances.

Partners in their profit sharing ratio.

Correct Answer

Option 2

Correct Answer

Explanation →

Q116:

22 May Shift 2

Partnership

>

Medium

Q116:

Rs 30,000

Rs 25,000

Rs 15,000

Rs 5,000

Correct Answer

Option 4

Correct Answer

Explanation →

Q117:

22 May Shift 2

Partnership

>

Medium

Q117:

Realisation A/C

Partner's Capital A/C

Partner's Loan A/C

Bank A/C

Correct Answer

Option 2

Correct Answer

Explanation →

Q118:

22 May Shift 2

Partnership

>

Medium

Q118:

Realisation A/C.....Dr. 10,000

To Ram's Capital A/C 10,000

Realisation A/C.....Dr. 12,000

To Ram's Capital A/C 12,000

Realisation A/C.....Dr. 10,000

To Bank A/C 10,000

Realisation A/C.....Dr. 12,000

To Bank A/C 12,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q119:

22 May Shift 2

Partnership

>

Medium

Q119:

Creditor A/C..Dr.

To Realisation A/C

Realisation A/C..Dr.

To Creditor A/C

No entry

Realisation A/C..Dr.

To Asset A/C

Correct Answer

Option 3

Correct Answer

Explanation →

Q120:

22 May Shift 1

Partnership

>

Medium

Q120:

Realisation Account

Partner's Capital Account

Partner's Loan Account

Expense Account

Correct Answer

Option 2

Correct Answer

Explanation →

Q121:

22 May Shift 1

Partnership

>

Easy

Q121:

(C), (B), (D), (A)

(A), (B), (D), (C)

(B), (A), (D), (C)

(A), (B), (C), (D)

Correct Answer

Option 4

Correct Answer

Explanation →

Q122:

22 May Shift 1

Partnership

>

Easy

Q122:

Capital account

Loan account

Drawings account

No transfer of current accounts

Correct Answer

Option 1

Correct Answer

Explanation →

Q123:

22 May Shift 1

Partnership

>

Easy

Q123:

Realisation Account

Partner's Current Account

Partner's Loan Account

Partner's Capital Account

Correct Answer

Option 4

Correct Answer

Explanation →

Q124:

22 May Shift 1

Partnership

>

Easy

Q124:

(B), (A), (C)

(C), (A), (B)

(B), (C), (A)

(C), (B), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q125:

22 May Shift 1

Partnership

>

Easy

Q125:

Realisation Account in Equal Ratio

Realisation Account in Profit Sharing Ratio

Capital Accounts in Equal Ratio

Capital Accounts in Profit Sharing Ratio

Correct Answer

Option 4

Correct Answer

Explanation →

Q126:

22 May Shift 1

Partnership

>

Easy

Q126:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(A), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q127:

22 May Shift 1

Partnership

>

Medium

Q127:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q128:

22 May Shift 1

Partnership

>

Easy

Q128:

Compulsory Dissolution

Dissolution by Notice

Dissolution by Court

Dissolution by Agreement

Correct Answer

Option 4

Correct Answer

Explanation →

Q129:

16 May Shift 1

Partnership

>

Medium

Q129:

(A) - (III), (B) - (I), (C) - (II), (D) - (IV)

(A) - (II), (B) - (IV), (C) - (III), (D) - (I)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (II), (B) - (IV), (C) - (I), (D) - (III)

Correct Answer

Option 4

Correct Answer

Explanation →

Q130:

16 May Shift 1

Partnership

>

Easy

Q130:

Change in profit sharing ratio

Admission of a new partner

Retirement of a partner

Purchasing of raw material

Correct Answer

Option 4

Correct Answer

Explanation →

Q131:

16 May Shift 1

Partnership

>

Hard

Q131:

(A) - (II), (B) - (III), (C) - (IV), (D) - (I)

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (IV), (B) - (II), (C) - (III), (D) - (I)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

Correct Answer

Option 1

Correct Answer

Explanation →

Q132:

16 May Shift 1

Partnership

>

Easy

Q132:

(A), (D), (C), (B)

(A), (D), (B), (C)

(B), (A), (D), (C)

(A), (B), (D), (C)

Correct Answer

Option 2

Correct Answer

Explanation →

Q133:

16 May Shift 1

Partnership

>

Medium

Q133:

Ashwani's Capital 29,790 ; Bharat's Capital 29,790

Ashwani's Capital 27,990 ; Bharat's Capital 27,990

Ashwani's Capital 27,790 ; Bharat's Capital 27,790

Ashwani's Capital 29,770 ; Bharat's Capital 29,770

Correct Answer

Option 2

Correct Answer

Explanation →

Q134:

16 May Shift 1

Partnership

>

Medium

Q134:

₹ 1,89,000

₹ 1,55,000

₹ 1,89,600

₹ 1,55,600

Correct Answer

Option 1

Correct Answer

Explanation →

Q135:

16 May Shift 1

Partnership

>

Hard

Q135:

Rs 20,000

Rs 75,620

Rs 97,620

Rs 95,620

Correct Answer

Option 3

Correct Answer

Explanation →

Q136:

16 May Shift 1

Partnership

>

Easy

Q136:

Debited by 18,000

Credited by 18,000

Debited by 9,000

Credited by 9,000

Correct Answer

Option 3

Correct Answer

Explanation →

Q137:

16 May Shift 1

Partnership

>

Medium

Q137:

Transferred to debit side of realization A/c

Transferred to credit side of realization A/c

Distributed amongst partners in profit sharing ratio

Subtracted from Value of Investment

Correct Answer

Option 2

Correct Answer

Explanation →

Q138:

15 May Shift 2

Partnership

>

Medium

Q138:

On the death of a partner

On the expiry of term of partnership

When business cannot be carried on except at a loss.

When a partner become insolvent.

Correct Answer

Option 3

Correct Answer

Explanation →

Q139:

15 May Shift 2

Partnership

>

Medium

Q139:

Admission of a partner

With the consent of all the partners.

Death of a partner

Retirement of a partner

Correct Answer

Option 2

Correct Answer

Explanation →

Q140:

15 May Shift 2

Partnership

>

Easy

Q140:

Capital of partners

Profits

Partners individual contribution in their profit sharing ratio

Borrowings

Correct Answer

Option 2

Correct Answer

Explanation →

Q141:

15 May Shift 2

Partnership

>

Easy

Q141:

Changing partner's

Dissolution by Agreement

To continue business by imposing fine

Compulsory Dissolution

Correct Answer

Option 4

Correct Answer

Explanation →

Q142:

15 May Shift 2

Partnership

>

Easy

Q142:

Court does not intervene

Business is not terminated

Economic relations between the partners comes to an end.

Assets and Liabilities are revalued

Correct Answer

Option 3

Correct Answer

Explanation →

Q143:

15 May Shift 1

Partnership

>

Easy

Q143:

Section 32

Section 35

Section 37

Section 39

Correct Answer

Option 4

Correct Answer

Explanation →

Q144:

15 May Shift 1

Partnership

>

Medium

Q144:

Rs. 25,000

Rs. 42,500

Rs. 20,000

Rs. 45000

Correct Answer

Option 3

Correct Answer

Explanation →

Q145:

15 May Shift 1

Partnership

>

Medium

Q145:

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (IV), (B) - (III), (C) - (III), (D) - (I)

(A) - (III), (B) - (IV), (C) - (IV), (D) - (I)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation →

Q146:

15 May Shift 1

Partnership

>

Medium

Q146:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 4

Correct Answer

Explanation →

Q147:

15 May Shift 1

Partnership

>

Easy

Q147:

(A), (B), (C), (D)

(B), (C), (D), (A)

(A), (D), (C), (B)

(D), (B), (C), (A)

Correct Answer

Option 1

Correct Answer

Explanation →

Q148:

14 May Shift 2

Partnership

>

Easy

Q148:

36

37

38

39

Correct Answer

Option 4

Correct Answer

Explanation →

Q149:

14 May Shift 2

Partnership

>

Easy

Q149:

Realisation Account

Drawings Account

Bank Account

Loan Account

Correct Answer

Option 3

Correct Answer

Explanation →

Q150:

14 May Shift 2

Partnership

>

Medium

Q150:

When the business of the firm becomes illegal

On the death of a partner

When a partner becomes insane

On the expiry of the term of the partnership

Correct Answer

Option 3

Correct Answer

Explanation →

Q151:

14 May Shift 2

Partnership

>

Medium

Q151:

(A), (B) and (D) only

(A), (B) and (C) only

(B), (C) and (D) only

(A), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q152:

14 May Shift 2

Partnership

>

Medium

Q152:

Realisation Account

Partner's Capital Account

Partner's Loan Account

Revaluation Account

Correct Answer

Option 2

Correct Answer

Explanation →

Q153:

14 May Shift 1

Partnership

>

Medium

Q153:

Debit of Realisation Account

Debit of Bank Account

Credit of Realisation Account

Not shown anywhere

Correct Answer

Option 1

Correct Answer

Explanation →

Q154:

14 May Shift 1

Partnership

>

Medium

Q154:

(A), (B) and (D) only

(A), (B) and (C) only

(B), (C) and (D) only

(A), (C) and (D) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q155:

14 May Shift 1

Partnership

>

Easy

Q155:

Capital of partners

Amount provided by partners individually in thier profit sharing ratio.

Profit

Debts

Correct Answer

Option 3

Correct Answer

Explanation →

Q156:

14 May Shift 1

Partnership

>

Easy

Q156:

Dissolution by Agreement

On the happening of certain contingencies

Dissolution by Court

Voluntary retirement by any one partner

Correct Answer

Option 4

Correct Answer

Explanation →

Q157:

14 May Shift 1

Partnership

>

Easy

Q157:

Bank Account

Realisation Account

Partner's Capital Account

Partner's Current Account

Correct Answer

Option 1

Correct Answer

Explanation →

Q158:

13 May Shift 2

Partnership

>

Easy

Q158:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(D), (C), (B), (A)

Correct Answer

Option 4

Correct Answer

Explanation →

Q159:

13 May Shift 2

Partnership

>

Easy

Q159:

Dissolution of partnership

Dissolution of partnership firm

Retirement of a partner

Death of a partner

Correct Answer

Option 2

Correct Answer

Explanation →

Q160:

13 May Shift 2

Partnership

>

Easy

Q160:

Debit of Realisation Account

Debit of Bank Account

Credit of Realisation Account

Credit of Bank Account

Correct Answer

Option 1

Correct Answer

Explanation →

Q161:

13 May Shift 2

Partnership

>

Medium

Q161:

Rs 30,000

Rs 25,000

Rs 15,000

Rs 5,000

Correct Answer

Option 4

Correct Answer

Explanation →

Q162:

13 May Shift 2

Partnership

>

Easy

Q162:

Compulsory dissolution

Dissolution by the Court

Dissolution by agreement

Dissolution on the happening of certain contingencies

Correct Answer

Option 1

Correct Answer

Explanation →

Q163:

13 May Shift 1

Partnership

>

Easy

Q163:

Each partner proportionately for any advances made to firm.

Debts of the firm to the third parties

Paying partners proportionately for their capital balances.

Partners in their profit sharing ratio.

Correct Answer

Option 2

Correct Answer

Explanation →

Q164:

13 May Shift 1

Partnership

>

Medium

Q164:

(A), (B) and (D) only

(A) and (B) only

(C) and (D) only

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q165:

13 May Shift 1

Partnership

>

Easy

Q165:

Cash Account

Bank Account

Realisation Account

Partners Capital Account

Correct Answer

Option 3

Correct Answer

Explanation →

Q166:

13 May Shift 1

Partnership

>

Medium

Q166:

When a partner becomes insane.

On the death of a partner

When the business of the firm becomes illegal.

When a partner becomes permanently incapable of performing his duties as a partner

Correct Answer

Option 3

Correct Answer

Explanation →

Q167:

13 May Shift 1

Partnership

>

Medium

Q167:

Realisation Account

Partners capital account

Partners Loan account

Bank Account

Correct Answer

Option 2

Correct Answer

Explanation →

Q168:

13 May Shift 1

Partnership

>

Easy

Q168:

36

37

38

39

Correct Answer

Option 4

Correct Answer

Explanation →

Q169:

CUET Accountancy 2024 Slot 1

Partnership

>

Easy

Q169:

Dissolution by Agreement

On the happening of certain contingencies

Dissolution by Notice

Compulsory Dissolution

Correct Answer

Option 1

Correct Answer

Explanation →

Q170:

CUET Accountancy 2024 Slot 1

Partnership

>

Medium

Q170:

(Cr.) ₹ 90,000

(Dr.) ₹ 90,000

(Cr.) ₹ 1,30,000

(Dr.) ₹ 1,30,000

Correct Answer

Option 2

Correct Answer

Explanation →

Q171:

CUET Accountancy 2024 Slot 1

Partnership

>

Medium

Q171:

Loss ₹ 2,40,000

Gain ₹ 24,000

Loss ₹ 1,70,000

Loss ₹ 2,10,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q172:

CUET Accountancy 2024 Slot 1

Partnership

>

Easy

Q172:

Realisation A/c Dr.

To Cash A/c

Realisation A/c Dr.

To G's Capital A/c

G's Capital A/c Dr.

To Realisation A/c

Cash A/c Dr.

To Realisation A/c

Correct Answer

Option 2

Correct Answer

Explanation →

Q173:

CUET Accountancy 2024 Slot 1

Partnership

>

Easy

Q173:

5 : 3 : 2

Equal Ratio

4 : 3 : 2

Ratio of closing capital claims

Correct Answer

Option 1

Correct Answer

Explanation →

CUET Accountancy Partnership > Dissolution PYQs

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