CBSE Class 12 Accountancy sample paper 2026-27: question 16
From the official CBSE sample question paper for 2026-27, section A, question 16, for 1 mark. Try it first; the hints and our step-by-step solution are below.
Q16 · 1 mark · MCQDissolution of Partnership Firm
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
- (B)A, B and C
- (C)D and E
- (D)B, D and E
Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2026-27.
Hints
Open one hint at a time and try again before the next.
Hint 1
Accumulated reserves belong to partners.
Hint 2
Cash and bank are used to settle accounts, not realised.
Step-by-step solution
Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.
Goodwill (an asset), the Employees' Provident Fund (an outside liability) and the provision for doubtful debts are all transferred to Realisation A/c.
- 1 mark
General reserve goes to partners' capitals and the bank balance is the cash account itself: D and E are not transferred. Option (C).
Answer: (C) D and E
Where the marks are
- Reserves and cash/bank stay out of Realisation A/c (1 mark)
Revise the chapter
- Chapter: Dissolution of Partnership Firm (notes, formulas, where marks are lost and every past question)
- Topic: Realisation Account
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