2 Asset Settlement questions from CUET Accountancy 2025 16 May Shift 1 with detailed answers and explanations. Free previous year questions and MCQs.
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Years:2026 (2)
Asset Settlement — CUET Accountancy 2025 16 May Shift 1(1–2 of 2)
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Q1easymcqCUET AccountancyCUET Accountancy 2025 16 May Shift 12026
While settling accounts during the dissolution of a partnership firm, what is the correct statutory order of application of the firm's assets according to Section 48 of the Indian Partnership Act, 1932?(A) In paying the debts of the firm to third parties(B) In paying to each partner proportionately what is due to him on account of capital(C) Divided among the partners in their profit sharing ratio if any surplus remains(D) In paying each partner proportionately what is due to him/her from the firm for advances/loans as distinguished from capitalChoose the correct answer from the options given below:
Q2mediummcqAccountancyCUET Accountancy 2025 22 May Shift 22026
If an asset is taken over by a creditor in full lieu of the amount due to him, then the journal entry will be:
How many Asset Settlement questions come in CUET Accountancy 2025 16 May Shift 1?▼
Our database has 2 Asset Settlement questions from CUET Accountancy 2025 16 May Shift 1 covering 2026 to 2026.
What difficulty are CUET Accountancy 2025 16 May Shift 1 Asset Settlement questions?▼
The 2 CUET Accountancy 2025 16 May Shift 1 Asset Settlement questions include 1 easy, 1 medium and 0 hard level questions.
Where can I find more Asset Settlement questions for other exams?▼
Visit /tag/asset-settlement to see all Asset Settlement questions across all exams including CUET Accountancy 2025 16 May Shift 1, CUET Accountancy 2025 22 May Shift 2.