CUET Accountancy - Calculate manager's commission at 10% on Net profit, if the Divisible profit of a firm is Rs. 10,000, salary to partners is Rs. 3000 and Interest on drawings is Rs. 2000. | PYQs + Solutions

CUET Accountancy 2022 15 July Shift 2

Partnership

Medium

Rs. 1500

Rs. 900

Rs. 1100

Rs. 1000

✅ Correct Option: 3

Related questions:

14 May Shift 1

Contents of the Partnership Deed does not include

27 May Shift 1

Calculate interest on drawing if Ram withdrew Rs. 3,000 per month at the beginning of each month for the whole year, if interest on drawing is charged @ 9 % per annum.

29 May Shift 2

The steps followed for calculating interest on drawing in the product method are.

(A) Calculate number of month for which interest is due on each drawing

(B) List down amount of drawing in decending order in a table..

(D) Calculate product for each drawing by multiplying amount and number of month.

Choose the correct answer from the options given below:

CUET Accountancy 2022 15 July Shift 2 PYQs

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