CUET Accountancy - Calculate interest on drawings for the amount Rs. 6000 on January 31, 2019. | PYQs + Solutions

CUET Accountancy 2025 13 May Shift 1

Partnership

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180

120

✅ Correct Option: 1

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22 May Shift 2

In the case of fixed capital method, following two accounts are maintained.

31 May Shift 1

Saloni and Srishti are partners in a firm. Their capital accounts as on April 01, 2019 showed a balance of Rs. 2,00,000 and Rs. 3,00,000 respectively. On July 01, 2019 Saloni introduced additional capital of Rs. 50,000 and Srishti, Rs. 60,000. On October 01, 2019 Saloni withdrew Rs. 30,000, and on January 01, 2020 Srishti withdrew Rs. 15,000 from their capitals. Interest is allowed @ 8% p.a. Calculate interest payable on capital to Saloni during the financial year 2019–2020.

14 May Shift 1

Contents of the Partnership Deed does not include

CUET Accountancy 2025 13 May Shift 1 PYQs

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