CUET Accountancy 2022 23 Aug Shift 2 PYQs - Free Mock Test & No Login

Gitansh withdrew Rs. $5000$ pm at the end of every month for ten months. Interest on drawing is charged @ $10\%$ p.a. Gitansh's interest on drawings is :

Match List - I with List - II.List - I ||| List - II(A) Interest on loan ||| (I) Current Account(B) Fixed capital ||| (II) Charge Against Profit(C) Fluctuating capital ||| (III) Capital Account(D) Interest on capital ||| (IV) Appropriation of ProfitChoose the correct answer from the options given below :

Identify the methods of Redemption of Debenture from the following.(A) By conversion into shares or new debenture(B) Purchase in open market(C) Sinking fund(D) Payment in instalments(E) Payment in lump-sumChoose the correct answer from the options given below :

The central government has prescribed the maximum number of partners in a firm to be _________ under Rule 10 of the companies (Miscellaneous) Rules, 2014.

Which of the following statement is true ?