CUET Accountancy - Rent payable to partner is . | PYQs + Solutions

CUET Accountancy 2025 2 June Shift 2

Partnership

Easy

common

Debited to trading account.

Credited to profit and loss account.

Debited to profit and loss account.

Debited to profit and loss appropriation account.

✅ Correct Option: 3

Related questions:

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Anupam and Abhishek are partners. Their capital accounts showed balances of Rs. 1,50,000 and Rs. 2,00,000 respectively on April 01, 2019. Show the interest on capital for the year ending march 31, 2020 allowed, if the partnership deed provides for interest on capital @ 8% p.a. and the firm earned a profit of Rs. 14,000 during the year:

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Which among the following is not the feature of a fixed capital method by which the capital accounts of partners can be maintained?

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CUET Accountancy 2025 2 June Shift 2 PYQs

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