CUET Accountancy 2025 2 June Shift 2 PYQs

It is a nominal account, and it is credited for the decrease in value of an asset.

It is a real account, and it is debited for the decrease in value of an asset.

It is a real account, and it is credited for the decrease in value of a liability.

It is a nominal account, and it is debited for the decrease in value of an asset.

Partners' Current Account will never be shown in Assets side of the Balance Sheet.

Partners' Current Account will either be shown in Assets side of the Balance Sheet or be shown in Liabilities side of the Balance Sheet.

Partners' Current Account will always be shown in Liabilities side of the Balance Sheet.

Partners' Current Account will always be shown in Assets side of the Balance Sheet.

Realization account is debited.

Realization account is credited.

Creditors' account is debited.

Not recorded anywhere.

Limited to the value of shares held

Limited to amount of investment

Limited to the amount of guarantee

Unlimited

AS-32

AS-25

AS-26

AS-01