CUET Accountancy 2025 13 May Shift 2 PYQs

Under the fixed capital method of a partnership concern, which two accounts are maintained for each partner?

The total sum due to a retiring partner or to the legal executors (in case of death) includes which of the following, along with their capital account balance, share of goodwill, and revaluation profit?

A and B are partners in a firm with fixed capitals of $\text{Rs. }4,00,000$ and $\text{Rs. }5,00,000$ respectively. After preparing the final accounts, it was discovered that interest on capital @ $10\%\text{ p.a.}$ as provided in the partnership deed was omitted. To rectify this error through an adjustment entry, A's Current Account should be:

Which section of the Indian Partnership Act, 1932 defines the term "Partnership"?

Match List-I with List-II based on company share capital terminology:List-IList-II(A) Reserve Capital(I) That portion of the subscribed capital which has not yet been called up.(B) Uncalled Capital(II) It is that part of the issued capital which has been actually subscribed by the public.(C) Paid-up Capital(III) A company may reserve a portion of its uncalled capital to be called only in the event of winding up of the company.(D) Subscribed Capital(IV) It is that portion of the called-up capital which has been actually received from the shareholders.Choose the correct answer from the options given below: