CUET Accountancy - Lockers Rent Received during the year by a club is Rs. 17,050. Locker rent Rs. 3,050 outstanding for the previous year and Rs. 1500 outstanding for the current year. The amount to be shown in Income and Expenditure is : | PYQs + Solutions

CUET Accountancy 2022 15 July Shift 2

Partnership

Medium

Rs. 15,500

Rs. 17,050

Rs. 21,100

Rs. 18,550

✅ Correct Option: 1

Related questions:

3 June Shift 1

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:

16 July Shift 2

A firm which maintains fixed capital had two partners Vimla and Kamla sharing profits in the ratio 1:1 The firm credited the partners with profit without interest on Capital which is allowed in the deed. Choose the correct option to pass a journal entry for the past adjustment if the Interest on capital Rs.2000 for Vimla Rs.3000 for Kamla

15 May Shift 1

What is the amount of profit to be credited to V's Capital account?

CUET Accountancy 2022 15 July Shift 2 PYQs

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