Dissolution of Firm: Class 12 Previous Year Questions

Dissolution of Firm questions asked in CBSE board exams

Repeated questions first. Open the free app to see each question as it appeared in the paper, with its marking scheme.

1. Pass the necessary journal entries for the following transactions on the dissolution of the partnership firm of Tina and Rina after various assets (other than cash) and external liabilities have been transferred to Realisation Account : (i) An unrecorded asset…
   Board 20236 markslong answerRepeated: 2023,2025,2026
2. Ravneet and Manmeet were partners in a firm sharing profits and losses in the ratio of 7 : 3. On 31st March, 2025, their Balance Sheet was as follows : Balance Sheet of Ravneet and Manmeet as on 31st March,2025 Liabilities Amount Assets Amount () (3) Creditors…
   Board 20266 markslong answer
3. In case of dissolution of a partnership firm, the losses, including deficiencies of capital, shall be paid first : (A) by partners individually and equally (B) by partners individually in their profit sharing ratio (C) out of capital of thepartners (D) out of …
   Board 20261 markMCQ
4. (a) Zubin, Nidhi and Reena were partners in a firm sharing profits and losses in the ratio of 2:1:2. The firm closes its books on 31st March every year. On 31st July, 2025 Reena died. Her share in the profits of the firmfromthelast balance sheettillthe date of…
   Board 20261 markMCQ
5. Sidhi, Gyan and Gayatri were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 2. On 31st March, 2025 their firm was dissolved. At the time of dissolution a debtor amounting to 25,000 whose debt had been previously written off as bad debt p…
   Board 20261 markMCQ
6. J Pass necessary journal entries for the following transactions on dissolution of the firm of Rajesh, Somesh and Yogesh after various assets (other than cash) and third party liabilities have been transferred to Realisation Account : (i) Rajesh took over stock…
   Board 20256 markslong answer
7. Eliza, Fenn and Garry were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 1. Fenn was guaranteed 25,000 as his share in the profits. Any deficiency arising on that account was to be met by Eliza. The firm earned a profit of 80,000 for th…
   Board 20251 markMCQ
8. Arushi, Vivaan and Mitali were partners in a firm. On 31st March 2024, thefirmwas dissolved.Onthat datethefirmhad debtorsof 60,000 and provision for doubtful debts of 3,000 were existing in the books. Debtors of 8,000 proved bad and full amount was realised fr…
   Board 20251 markMCQ
9. Page 18 of 39 23. AµOha, gw{_V VWm amo{~V a Wo VWm 3 : 1 : 1 -hm{Z H$m {d^mOZ H$aVo Wo & 31 , 2023 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm : 31 _mM©, 2023 H$mo AµOha, gw{_V VWm amo{~V H$m pñW{V {ddaU Xo`VmE± am{e < n[agån{Îm`m± am{e < boZXma 90,000 ~¢H$ 20,000…
   Board 20246 markslong answer
10. Page 6 of 39 7. 1 Aà¡b, 2022 H$mo _oJm {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 30,000, 10% G$UnÌm| H$m {ZJ©_Z 10% ~Å>o na {H$`m & 31 _mM©, 2023 H$mo g_mßV hmoZo dmbo df© _| G$UnÌm| na Xo` ã`mO H$s Hw$b am{e hmoJr : 1 (A) < 2,70,000 (B) < 3,00,000 (C) < 27,000 (D) < 30,0…
    Board 20241 markMCQ
11. JJJJ Page 24 25. Am{Xe Am¡a lo`m§e EH$ \$_© _| gmPoXma Wo VWm 3 : 2 Ho$ AZwnmV _| bm^-hm{Z H$m {d^mOZ H$aVo Wo & 31 _mM©, 2022 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma Wm : 31 _mM©, 2022 H$mo Am{Xe VWm lo`m§e H$m pñW{V {ddaU Xo`VmE± am{e < n[agån{Îm`m± am{e < boZXma …
    Board 20236 markslong answer
12. Which of the following will be transferred to Realisation Account at the time of dissolution of firm ? 1 (i) Provision for Doubtful Debts (ii) Partners (iii) General Reserve (iv) Goodwill (a) (i) and (iv) (b) (i), (ii) and (iv) (c) (i), (iii) and (iv) (d) (i),…
    Board 20231 markMCQ
13. Total assets of a partnership firm, which was dissolved were 30,00,000 and its total liabilities were 6,00,000.Assets were realised at 80% and liabilities were settled at 5% less. If dissolution expenses were 30,000, the profit or loss on dissolution was : (a)…
    Board 20231 markMCQ
14. (a) Chanda, Tara and Nisha were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. They decided to dissolve the firm on 31st March, 2021. Pass necessary Journal Entries for the following transactions after all assets (other than cash and …
    Board 20221 markMCQ
15. Page 4 of 15 7. (H$) H$ VWm I gmPoXma h¢ VWm bm^-hm{Z ~am~a-~am~a AZwnmV _| ~m±Q>Vo h¢ & 31 _mM©, 2021 H$mo CÝhm|Zo \$_© Ho$ {dKQ>Z H$m {ZU©` {H$`m & {dKQ>Z H$s {V{W H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm : 31 _mM©, 2021 H$mo H$ VWm I H$m pñW{V {ddaU Xo`VmE± …
    Board 20221 markMCQ
16. Pass the necessary journal entry on dissolution of a partnership firm if an unrecorded creditor of < 40,000 was paid by a partner, Amar, at a discount of 10%.
    Board 20221 markvery short
17. State any two situations when compulsory dissolution of a partnership firm takes place.
    Board 20221 markvery short
18. Which of the following items is not transferred to the Realisation Account at the time of dissolution of a firm? A. Goodwill appearing in the books. B. Employees Provident Fund C. Provision for doubtful debts D. General reserve E. Debit Bank Balance (A) D only…
    Sample paper 2026-271 markMCQ
19. Carol and Lacy were partners. They decided to dissolve their firm. Pass the journal entries for the following after various assets and external liabilities have been transferred to Realisation A/c: 1.Carol took over half of the investments worth Rs. 30,000 at …
    CBSE practice 2023-244 marksshort answer
20. Samiksha, Arshiya and Divya were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. With effect from 1st April 2022, they agreed to share future profits and losses in the ratio of 2: 5: 3. Their Balance Sheet showed a debit balance of ₹ 50,…
    CBSE practice 2022-231 markvery short

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