In case of the dissolution of a firm, the firm ceases to conduct business and has to settle its accounts. Arrange the following in the correct…
CUET UG 2025 — Accountancy Partnership
In case of the dissolution of a firm, the firm ceases to conduct business and has to settle its accounts. Arrange the following in the correct sequence :
(A) In paying to each partner proportionately what is due to him on account of capital
(B) In paying the debts of the firm to the third parties
(C) In paying each partner proportionately what is due to him/her from the firm for advances as distinguished from capital (i.e. partner's loan)
(D) The residue, if any, shall be divided among the partners in their profit sharing ratio
Choose the correct answer from the options given below:
Held on 30 May 2025 · Verified 13 Jul 2026.
Options
- A
(B), (C), (A), (D)
- B
(A), (B), (C), (D)
- C
(B), (A), (D), (C)
- D
(C), (B), (D), (A)
Did you get this right?
Sign in to track your attempts and accuracy.
Your note
Sign in to keep a private note on this question. Nothing you write is ever public.
CUET UG Partnership in other years
More CUET UG Partnership questions
The assets of the firm, including any sum contributed by the partners to make up deficiencies of capital, shall be utilized in which sequence? Arrange the following in proper sequence (A) In paying the debts of the firm to the third parties (B) In paying each partner proportionately what is due to him/her from the firm for advances as distinguished from capital (i.e. partner's loan) (C) In paying to each partner proportionately what is due to him on account of capital (D) The residue, if any, shall be divided among the partners in their profit sharing ratio Choose the correct answer from the options given below:
Net loss of the firm as per profit and loss account for the year ending March 31, 2024 amounted to Rs. 75,000. Yaduvanshi, Madhulika and Vidushi are partners, sharing profits and losses in the ratio of 2:2:1. Their fixed capitals on April 01, 2019 were: Yaduvanshi Rs. 5,00,000, Madhulika Rs. 4,00,000 and Vidushi Rs. 3,50,000. On the basis of the above information, pass the necessary journal entry
Match List-I with List-II | List–I (Events) | List–II (Result) | | ---------------------------------------- | ---------------------------- | | (A) Profit share | (I) Gaining ratio. | | (B) Admission of Partners | (II) Different concept | | (C) Retirement of a partner. | (III) Equally among partners | | (D) Dissolution of firm and partnership. | (IV) Sacrifice ratio. | Choose the correct answer from the options given below:
Mohit, Neeraj and Sohan are partners in a firm sharing profits in the ratio of 2 : 1 : 1. Neeraj retires and Mohit and Sohan decided that the capital of the new firm will be fixed at Rs. 1,20,000 and D is to bring in cash equivalent to 1/4th of this amount as his capital. The capital accounts of Mohit and Sohan show a credit balance of Rs. 82,000 and Rs. 41,000 respectively after making all the adjustments. Calculate the actual cash to be paid off or to be brought in by the continuing partners in total-
If partnership deed is silent on the profit sharing ratio: interest @_____ per annum is allowed on loans advanced by partners-
Other Accountancy topics for CUET UG
Keep practicing Partnership
Work through every CUET UG Partnership PYQ, year by year.