CUET Accountancy - Interest on drawings of a partner has been calculated Rs. 3,000 @ 8% p.a. who has drawn equal amount in each quater; commencing from end of the first quarter throughout the year. The amount of drawing of partner per quarter would be : | PYQs + Solutions

CUET Accountancy 2022 20 July Shift 1

Partnership

Medium

Rs. 25,000

Rs. 1,00,000

Rs. 60,000

Rs. 15,000

✅ Correct Option: 1

Related questions:

16 May Shift 1

X and Y are partners sharing profits in the ratio 3:2. Capital introduced by X and Y is ₹ 1,00,000 and ₹ 5,00,000 respectively. Interest on capital is allowed to partners @ 10%p.a. Profit of the firm for the year ending March 31st, 2025 is ₹ 30,000. Calculate Interest on Capital to be allowed to the partners.

11 June Shift 3

__________ is/are not true with regard to Limited liability partnership.

(A) Separate Legal entity

(B) Unlimited liability for one partner

(D) Perpetual Succession

(E) Unlimited liability of partners

Choose the correct answer from the options given below :

2 June Shift 2

In the absence of partnership deed, interest on drawings is charged at.

CUET Accountancy 2022 20 July Shift 1 PYQs

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