CUET Accountancy - Gitansh withdrew Rs. 5000 pm at the end of every month for ten months. Interest on drawing is charged @ 10% p.a. Gitansh's interest on drawings is : | PYQs + Solutions

CUET Accountancy 2022 23 Aug Shift 2

Partnership

Medium

Rs. 1875

Rs. 2250

Rs. 2292

Rs. 2750

✅ Correct Option: 1

Related questions:

26 May Shift 2

Under the fixed capital method, the capital of the partners shall remain fixed unless additional capital is introduced or a part of the capital is withdrawn as per the agreement between the partners. Which among the following is NOT the feature of the fixed capital method?

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Match List-I with List-II

List-I	List-II
(A) Admission of a partner	(I) Executor Accounts
(B) Retirement of a partner	(II) Sacrificing Ratio
(C) Death of a partner	(III) Realisation Account
(D) Dissolution of a partnership	(IV) Gaining Ratio

Choose the correct answer from the options given below:

2 June Shift 2

When the date of drawing is not specified, interest on drawings are calculated for

CUET Accountancy 2022 23 Aug Shift 2 PYQs

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