Match List - I with List - II.
| List - I | List - II |
|---|---|
| (A) Increase in Furniture Value | (I) Credit side of Partner's Capital A/c |
| (B) Depreciation on Machinery | (II) Debit side of Partner's Capital A/c |
| (C) General Reserve | (III) Credit side of Revaluation A/c |
| (D) Goodwill appearing in Books | (IV) Debit side of Revaluation A/c |
Choose the correct answer from the options given below :
Held on 11 Jun 2023 · Verified 13 Jul 2026.
(A)-(IV), (B)-(III), (C)-(II), (D)-(I)
(A)-(III), (B)-(IV), (C)-(I), (D)-(II)
(A)-(III), (B)-(IV), (C)-(II), (D)-(I)
(A)-(IV), (B)-(III), (C)-(I), (D)-(II)
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An unrecorded asset is taken over by a creditor in full settlement in such a case
The liability of partners is
As per AS-26 Intangible assets like goodwill should be written off.
Identify the correct statement from the given below :-
By virtue of which section of the Indian Partnership Act 1932, partnership is defined as 'the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all'.
Work through every CUET UG Partnership PYQ, year by year.