1 Liability settlement entry questions from CUET Accountancy 2025 3 June Shift 2 with detailed answers and explanations. Free previous year questions and MCQs.
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Liability settlement entry — CUET Accountancy 2025 3 June Shift 2(1–1 of 1)
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Q1mediummcqAccountancyCUET Accountancy 2025 3 June Shift 22026
At the time of dissolution of a firm, the Bank Loan was Rs. 60,000 which was paid by Bhuvan (a partner) along with one-year interest at 6%. Which journal entry will be passed in the books of the firm?