AfterBoards Logo
Skip to main contentSkip to solution

CUET Accountancy 2026 PYQs31 May Shift 1. Free, no login required.

Partnership

past year questions, CUET Accountancy 2026 31 May Shift 1

Accounting

past year questions, Partnership, CUET Accountancy 2026 31 May Shift 1

Easy

common

Which of the following is not a feature of partnership ?

Solution

✅ Correct Option: 3

A partnership firm has no separate legal existence apart from its partners; the firm and the partners are legally the same persons, which is why partners bear unlimited liability. Agreement, business for profit and mutual agency are all essential features of partnership under the Indian Partnership Act, 1932.

Related questions:

2026: 29 May Shift 1

If partnership deed is silent about the interest on capital contributed by the partners in the firm, then ......... on the contributed capital will be paid.

2025: 31 May Shift 1

Saloni and Srishti are partners in a firm. Their capital accounts as on April 01, 2019 showed a balance of Rs. 2,00,000 and Rs. 3,00,000 respectively. On July 01, 2019 Saloni introduced additional capital of Rs. 50,000 and Srishti, Rs. 60,000. On October 01, 2019 Saloni withdrew Rs. 30,000, and on January 01, 2020 Srishti withdrew Rs. 15,000 from their capitals. Interest is allowed @ 8% p.a. Calculate interest payable on capital to Saloni during the financial year 2019–2020.

2025: 31 May Shift 1

Match List-I with List-II

List-IList-II
Interest on DrawingsTime (Month)
(A) When the amount is withdrawn at the beginning of each month.(I) 6 months
(B) When the amount is withdrawn at the end of each month.(II) 6.5 months.
(C) When the amount is withdrawn at the middle of each month.(III) 5.5 months.
(D) When the amount is withdrawn at the end of each quarter.(IV) 4.5 months.

Choose the correct answer from the options given below:

2026: 19 May Shift 1

ABC Ltd. has a partnership deed as per which interest on drawing is to be charged @ 9% p.a and the total interest on drawings of Aman (partner) is calculated to be Rs 1755. Find the monthly amount he withdrew, if drawings are done at the beginning of every month during the year.

2025: 3 June Shift 2

Which of the following account / statement is prepared to distribute the profit or loss among partners

2025: 22 May Shift 2

For distribution of profits among the partners, the following account is debited to the partners:

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question

CUET Accountancy Past Year Questions (Topic-Wise)