CUET Accountancy 2025 26 May Shift 2 PYQs

Match List-I with List-II (under the Fixed Capital Method):List-IList-II(A) Bank (fresh capital introduced)(I) Debit side of Partner's Current Account(B) Interest on drawings(II) Debit side of Partner's Capital Account(C) Bank (permanent withdrawal of capital)(III) Credit side of Partner's Current Account(D) Commission(IV) Credit side of Partner's Capital AccountChoose the correct answer from the options given below:

Which of the following accounts is NOT transferred to the Realisation Account at the time of dissolution of a firm?

Which of the following statements are TRUE?(A) Dissolution of a partnership is completely different from the dissolution of a firm.(B) A partnership is broken up/dissolved when a partner passes away.(C) A firm can be dissolved if all partners give their consent to it.(D) A firm is compulsorily dissolved whenever any single partner decides to retire.Choose the correct answer from the options given below:

Sahil, a shareholder, failed to pay the second and final call of $\text{Rs. }20$ on $1,000$ shares issued to him at $\text{Rs. }120$ per share (face value of $\text{Rs. }100$ per share). His shares were forfeited after the final call deadlines passed. Which statement is correct regarding the Share Forfeiture Account?

Sindhu, Neha, and Priya are partners sharing profits in the ratio of $5:3:2$. If Neha retires from the firm, calculate the new profit-sharing ratio and the gaining ratio between Sindhu and Priya, assuming no other modifications are specified.