CUET Accountancy - Which of the following item is not shown in the Profit and Loss Appropriation Account? | PYQs + Solutions

CUET Accountancy 2025 24 May Shift 1

Partnership

Easy

common

Partner's Salary

Interest on Drawings

Interest on Capital

Depreciation

✅ Correct Option: 4

Related questions:

30 May Shift 2

A partnership deed usually doesn't contain the following details:

30 May Shift 1

The Partnership agreement between Maneesh and Girish provides that:

(A) Profits will be shared equally

(B) Maneesh will be allowed a salary of Rs 400 pm

(C) Girish who manages the sales department will be allowed a commission of 10% of the net profits after deducting Maneesh's salary

(D) 7% p.a. interest will be allowed on Partner's fixed capital

(E) 5% p.a. interest will be charged on partner's annual drawings

(F) The fixed capitals of Maneesh and Girish are Rs 1,00,000 and Rs. 80,000 respectively. Their annual drawings were Rs. 16,000 and Rs 14,000 respectively. The net profit for the year ended March 31, 2018 amounted to Rs. 40,000

Calculate the profit allocated to each partner after all adjustments.

22 May Shift 2

Which of the following are charges against profits?

(A) Rent paid to partners

(B) Interest on loan, paid to partners

(D) Manager's commission

Choose the correct answer from the options given below:

CUET Accountancy 2025 24 May Shift 1 PYQs

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