CUET Accountancy - Which combination of statements are false about partnership- (A) Interest on partner's loan is to be given @ 12% p.a. If the deed is silent about the rate. (B) If the deed is silent, interest at the rate of 6% p.a. would be charged on the drawings made by the partner. (C) Methods of settlement of dispute among the partners can't be part of the partnership deed. (D) Each partner carrying on the business is the principal as well as the agent for all the other partners Choose the correct answer from the options given below: 1. (A), (B) and (D) only 2. (A), (B) and (C) only 3. (A), (B), (C) and (D) 4. (B), (C) and (D) only | PYQs + Solutions

CUET Accountancy 2025 27 May Shift 1

Partnership

Medium

common

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

✅ Correct Option: 2

Related questions:

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.

15 May Shift 1

What is the amount of profit to be credited to V's Capital account?

29 May Shift 2

Which of the following are shown under capital account in case capital of partner's are fixed?

(A) Fresh capital introduced

(B) Permanent capital withdrawn

(D) Amount of capital brought down from the previous year

Choose the correct answer from the options given below:

CUET Accountancy 2025 27 May Shift 1 PYQs

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