CUET Accountancy - In case of Fixed Capital Account, Interest on Drawings are | PYQs + Solutions

CUET Accountancy 2025 2 June Shift 2

Partnership

Easy

common

Debited to capital account.

Credited to capital accounts.

Debited to current account.

Credited to current account.

✅ Correct Option: 3

Related questions:

30 May Shift 2

Which of the following is the feature of fluctuating capital:

16 May Shift 1

Ram, one of the partners, has withdrawn ₹ 1,00,000 from Business for his personal work. If the rate of interest charged on drawings is 12% p.a., find the amount of interest on drawings to be charged from Ram:

31 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Gaining Ratio	(I) New Share - old Share.
(B) Sacrificing Ratio	(II) Old Share - New Share.
(C) Admission of Partner	(III) Partner may be paid amount more that what has actually due to him for hidden goodwill share.
(D) Retirement of Partner	(IV) Partner may or may not bring his share of goodwill in cash.

Choose the correct answer from the options given below:

CUET Accountancy 2025 2 June Shift 2 PYQs

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