CUET Accountancy 2025 27 May Shift 2 PYQs

In which of the following ways does the dissolution of a firm take place?(A) Dissolution by agreement(B) Compulsory dissolution(C) On the happening of certain contingencies(D) Dissolution by noticeChoose the correct answer from the options given below:

What are the main factors affecting the value of goodwill?(A) Nature of business(B) Location(C) Efficiency of management(D) Market situationChoose the correct answer from the options given below:

Identify the sequence of journal entries with regard to the transfer of share application money and allotment of shares:(A) Share Allotment A/c Dr. To Share Capital A/c(B) Share Application A/c Dr. To Share Capital A/c(C) Bank A/c Dr. To Share Allotment A/c(D) Share Application A/c Dr. To Bank A/cChoose the correct answer from the options given below:

On the happening of certain contingencies, subject to contract between the partners, a firm is dissolved: (A) If constituted for a fixed term, by the expiry of that term.(B) If constituted to carry out one or more ventures, by the completion thereof.(C) By the death of a partner.(D) By the adjudication of a partner as an insolvent. Choose the correct answer from the options given below:

The ratio in which the continuing partners have acquired the share from the retiring/deceased partner is called: