CUET Accountancy - If the amount is withdrawn at the end of each quarter, the interest is calculated on the total money withdrawn during the year, for a period of _______? | PYQs + Solutions

CUET Accountancy 2025 16 May Shift 1

Partnership

Medium

6 months

9 months

7.5 months

4.5 months

✅ Correct Option: 4

Related questions:

26 May Shift 2

Which of the following is not always an essential feature of partnership?

30 May Shift 1

The following are the features of the fluctuating capital method by which the capital accounts of partners can be maintained.

(A) Under the fluctuating capital method, only one account, i.e. capital account is maintained for each partner.

(B) All the adjustments such as share of profit and loss, interest on capital, drawings, interest on drawings, etc. are recorded directly in the capital accounts of the partners.

(C) the capital of the partners shall remain fixed unless additional capital is introduced or a part of the capital is withdrawn as per the agreement between the partners.

(D) The capital account may sometimes show a debit balance.

Choose the correct answer from the options given below:

24 May Shift 1

The Partnership Deed usually contains the following details:

(A) Amount of capital to be contributed by each partner

(B) The accounting period of the firm

(D) The rights, duties and liabilities of each partner

Choose the correct answer from the options given below:

CUET Accountancy 2025 16 May Shift 1 PYQs

Keyboard Shortcuts