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Dissolution Of A Firm Questions

Practice 6 Dissolution Of A Firm questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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Practice by Exam:Accountancy(6)

About Dissolution of a Firm — practice questions, PYQs & concepts

Dissolution of a Firm is a frequently-tested topic on Accountancy. ExamTest.live currently lists 6 Dissolution of a Firm questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Dissolution of a Firm weight in competitive exams

Across our Dissolution of a Firm question bank, the largest sources are Accountancy (6). Click any exam chip above to drill down to that exam-specific question set.

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All Dissolution Of A Firm Questions(1–6 of 6)

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Q1easymcqAccountancyCUET UG 2024 Accountancy Question Paper (17-May-2024) (Shift 3)2026
On dissolution of a firm, bank overdraft is transferred to:
Q2easymcqAccountancyCUET UG 2024 Accountancy Question Paper (17-May-2024) (Shift 3)2026
Read the following case study carefully and answer the question:G, K, and B were partners running a partnership for the last 10 years, sharing profit and loss in the ratio of . Post-Covid, their firm was affected badly and started incurring losses. On 31st March 2023, they all decided to dissolve the firm due to continuous losses. Their capital balances were , , and respectively. The firm had liabilities of , Cash balance , other Sundry Assets , and P&L A/c constituted the rest. Assets were realised at , and liabilities were paid in full. There was an unrecorded liability of , which was settled at . Realisation expenses amounted to , being paid by G on behalf of the firm. What is the mode of dissolution of the firm followed by G, K, and B?
Q3hardmcqAccountancyCUET UG 2024 Accountancy Question Paper (17-May-2024) (Shift 3)2026
Read the following case study carefully and answer the question:G, K, and B were partners running a partnership for the last 10 years, sharing profit and loss in the ratio of . Post-Covid, their firm was affected badly and started incurring losses. On 31st March 2023, they all decided to dissolve the firm due to continuous losses. Their capital balances were , , and respectively. The firm had liabilities of , Cash balance , other Sundry Assets , and P&L A/c constituted the rest. Assets were realised at , and liabilities were paid in full. There was an unrecorded liability of , which was settled at . Realisation expenses amounted to , being paid by G on behalf of the firm. Determine the balancing amount of the Profit and Loss Account prior to dissolution.
Q4hardmcqAccountancyCUET UG 2024 Accountancy Question Paper (17-May-2024) (Shift 3)2026
Read the following case study carefully and answer the question:G, K, and B were partners running a partnership for the last 10 years, sharing profit and loss in the ratio of . Post-Covid, their firm was affected badly and started incurring losses. On 31st March 2023, they all decided to dissolve the firm due to continuous losses. Their capital balances were , , and respectively. The firm had liabilities of , Cash balance , other Sundry Assets , and P&L A/c constituted the rest. Assets were realised at , and liabilities were paid in full. There was an unrecorded liability of , which was settled at . Realisation expenses amounted to , being paid by G on behalf of the firm. Determine the overall Gain/Loss on Realisation.
Q5mediummcqAccountancyCUET UG 2024 Accountancy Question Paper (17-May-2024) (Shift 3)2026
Read the following case study carefully and answer the question:G, K, and B were partners running a partnership for the last 10 years, sharing profit and loss in the ratio of . Post-Covid, their firm was affected badly and started incurring losses. On 31st March 2023, they all decided to dissolve the firm due to continuous losses. Their capital balances were , , and respectively. The firm had liabilities of , Cash balance , other Sundry Assets , and P&L A/c constituted the rest. Assets were realised at , and liabilities were paid in full. There was an unrecorded liability of , which was settled at . Realisation expenses amounted to , being paid by G on behalf of the firm. The journal entry for realization expenses in the above case study will be:
Q6easymcqAccountancyCUET UG 2024 Accountancy Question Paper (17-May-2024) (Shift 3)2026
Read the following case study carefully and answer the question:G, K, and B were partners running a partnership for the last 10 years, sharing profit and loss in the ratio of . Post-Covid, their firm was affected badly and started incurring losses. On 31st March 2023, they all decided to dissolve the firm due to continuous losses. Their capital balances were , , and respectively. The firm had liabilities of , Cash balance , other Sundry Assets , and P&L A/c constituted the rest. Assets were realised at , and liabilities were paid in full. There was an unrecorded liability of , which was settled at . Realisation expenses amounted to , being paid by G on behalf of the firm. The existing Profit and Loss Account balance in the books of the firm will be shared/borne by partners in the ratio:

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