CUET Accountancy - Identify the true statement in respect of a partnership Firm- | PYQs + Solutions

CUET Accountancy 2025 27 May Shift 2

Partnership

Medium

common

Rent paid to a partner is a charge and interest on loan from the partner is an appropriation for the firm.

Rent paid to partner and Interest on loan from the partner, both are charges for the firm.

Rent paid to a partner is an appropriation and interest on loan from the partner is a charge for the firm.

Rent paid to partner and Interest on loan from the partner, both are appropriation for the firm.

✅ Correct Option: 2

Related questions:

22 May Shift 2

Which of the following is not a feature of a partnership deed?

27 May Shift 1

Calculate interest on drawing if Ram withdrew Rs. 3,000 per month at the beginning of each month for the whole year, if interest on drawing is charged @ 9 % per annum.

15 May Shift 2

Match List-I with List-II

If the partnership deed is silent regarding the items provided in List-I

List-I	List-II
(A) Interest on Capital	(I) to be shared equally
(B) Interest on Loan	(II) not charged
(C) Interest on Drawings	(III) not payable
(D) Sharing of Profits	(IV) @6% p.a.

Choose the correct answer from the options given below:

CUET Accountancy 2025 27 May Shift 2 PYQs

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