CUET Accountancy - Ram and Laxman started business on 1st Jan 2020 with a capital of Rs 1,20,000 and Rs 80,000 respectively. Ram introduced Rs. 50,000 to the firm on 1st July 2020 as additional capital. If the rate of interest is 15% p.a. Assuming that accounts are closed as per calender year then the Interest payable to Ram on Capital would be: | PYQs + Solutions

CUET Accountancy 2025 4 June Shift 2

Partnership

Medium

common

Rs. 12,700

Rs. 18,000

Rs. 25,500

Rs. 21,750

✅ Correct Option: 4

Related questions:

3 June Shift 1

Which of the following will lead to the Reconstitution of a partnership Firm?

(A) Admission of a new partner

(B) Change in the profit sharing ratio among the existing partners

(D) Death of a partner

Choose the correct answer from the options given below:

27 May Shift 1

Under which Section & Act, the Central Government is empowered to prescribe a maximum number of partners in a firm, but the number of partners can not be more than 100?

22 May Shift 1

All adjustments in respect of partner's salary, partner's commission, interest on capital, interest on drawings, etc. are made through:

CUET Accountancy 2025 4 June Shift 2 PYQs

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