CUET Accountancy - When the total amount withdrawn is given but the date of withdrawal is not given then interest on drawings is charged for a period of: | PYQs + Solutions

CUET Accountancy 2022 30 Aug Shift 2

Partnership

Easy

3 months

6 months

9 months

12 months

✅ Correct Option: 2

Related questions:

27 May Shift 1

Which of the following is not the feature of fluctuating capital in partnership-

CUET Accountancy 2024 Slot 1

Match List-I with List-II

4 June Shift 2

Which combination of statements is true about the fixed and fluctuating capital:

(A). Under the Fixed capital method, two separate accounts are maintained for each partner, viz., 'capital account' and 'current account'.

(B). Under the Fluctuating capital method, the balance of the capital account fluctuates from year to year.

(C). Under the Fixed capital method, drawings, salary, interest on capital etc. are posted (transferred) in the current accounts and not in the capital accounts.

(D). Under the Fixed capital method, the capital accounts always show a debit balance.

Choose the correct answer from the options given below:

CUET Accountancy 2022 30 Aug Shift 2 PYQs

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