CUET Accountancy 2025 3 June Shift 1 PYQs

Steps involved in accounting treatment at the time of death/retirement of a partner -(A) Adjustment of capital, if required(B) Preparation of revaluation account, if required(C) Ascertainment of new profit sharing ratio and gaining ratio(D) Settlement of the amounts due to retired / deceased partnerChoose the correct answer from the options given below:

Match List-I with List-IIList–I (Events)List–II (Result)(A) Termination of business.(I) Not possible in dissolution of partnership.(B) Continuation of Business(II) Not possible in the dissolution of a firm.(C) Intervention of court.(III) Dissolution of firm(D) Continuation of books of accounts.(IV) Dissolution of partnership.Choose the correct answer from the options given below:

According to section _________ of the Partnership Act, 1932, the dissolution of partnership between all the partners of a firm is called the dissolution of the firm.

Arrange the following steps in the procedure of share issues in the correct sequence:(A) Receipt of Applications(B) Allotment of Shares(C) Issue of Prospectus(D) Listing on the stock exchangeChoose the correct answer from the options given below:

Identify the true statement in respect of Reserve Capital :-