CUET Accountancy - Himanshu withdrew Rs.2,500 at the end of each month. The partnership deed provides for charging of interest on drawings @ 12% p.a. Calculate interest on Himanshu's drawings for the year ended March 31, 2017. | PYQs + Solutions

CUET Accountancy 2025 29 May Shift 2

Partnership

Easy

common

Rs 1,950

Rs 1,650

Rs 3,600

Rs 1,800

✅ Correct Option: 2

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Pinki, Deepti and Kaku are partner's sharing profits in the ratio of 5:4:1. Kaku is given a guarantee that his share of profits in any given year would not be less than Rs 5000. Deficiency, if any, would be borne by Pinki and Deepu equally. Calculate the deficiency assumed by Pinki and Deepti for each case separately if profits for the year were:-

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CUET Accountancy 2025 29 May Shift 2 PYQs

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