CUET Accountancy - Calculate Interest on drawings for the amount of Rs. 7000 withdrawn on November 30, 2019 | PYQs + Solutions

CUET Accountancy 2025 13 May Shift 1

Partnership

Easy

700

630

210

315

✅ Correct Option: 3

Related questions:

3 June Shift 1

Match List-I with List-II

List–I (Events)	List–II (Result)
(A) Profit share	(I) Gaining ratio.
(B) Admission of Partners	(II) Different concept
(C) Retirement of a partner.	(III) Equally among partners
(D) Dissolution of firm and partnership.	(IV) Sacrifice ratio.

Choose the correct answer from the options given below:

14 May Shift 2

Aashish withdrew Rs. 10,000 per month from the firm for his personal use during the year ending March 31, 2017. Calculate the interest on drawings, which is charged @8% p.a., when the amount is withdrawn at the beginning of each month .

15 May Shift 2

Accounting treatment for a partnership firm is similar to that of a sole proprietorship business except the following aspects:

(A) Distribution of Profit and Loss among the partners

(B) Dissolution of Partnership Firm

(D) Adjustments for Wrong Appropriation of Profits in the Past

Choose the correct answer from the options given below:

CUET Accountancy 2025 13 May Shift 1 PYQs

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