CUET Accountancy - Aashish withdrew Rs. 10,000 per month from the firm for his personal use during the year ending March 31, 2017. Calculate the interest on drawings, which is charged @8% p.a., when the amount is withdrawn at the beginning of each month . | PYQs + Solutions

CUET Accountancy 2025 14 May Shift 2

Partnership

Medium

Rs. 5,400

Rs. 5,200

Rs. 4,400

Rs. 4,800

✅ Correct Option: 2

Related questions:

22 May Shift 1

Choose the correct statement if a partnership deed does not exist.

30 May Shift 1

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:-

Case I - Rs 40,000

Case II - Rs 60,000

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Ram, one of the partners, has withdrawn ₹ 1,00,000 from Business for his personal work.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:

CUET Accountancy 2025 14 May Shift 2 PYQs

Keyboard Shortcuts