CUET Accountancy 2022 15 July Shift 2 PYQs - Free Mock Test (No Login)

Identify a characteristic not applicable in partnership:

When a fixed amount is withdrawn at the end of each quarter, interest on drawings will be calculated for _______

Match List I with List II:

Choose the correct answer from the options given below:

The ratios calculated to measure the short term commitments of business is:

X and Y are partners in a firm sharing profits in the ratio of $4:1$. Z is admitted in the firm for $\frac{1}{5}\text{th}$ share. On the admission of Z there was a balance of $\text{Rs. }20,000$ in general reserve. What would be the journal entry for distributing the reserve?