CUET Accountancy 2025 27 May Shift 2 PYQs

At the time of dissolution of a firm, the Loan from a Partner Account should be:

The order to be followed in preparation of a realization account is:(A) Realization of the assets.(B) Transfer assets and liabilities to realization account.(C) Ascertainment of profit or loss on realization.(D) Payment of liabilities.Choose the correct answer from the options given below:

________ is the value of the reputation of a firm in respect of the profits expected in future over and above the normal profits.

The Profit and Loss Appropriation Account is merely an extension of the Profit and Loss Account of the firm.Which among the following is NOT shown in the Profit and Loss Appropriation Account?

Under which condition can the dissolution of a Partnership Firm by a Court take place?