CUET Accountancy 2025 14 May Shift 2 PYQs

On the ultimate dissolution of a partnership firm, partners' capital accounts are closed finally through which account?

The Court may order a partnership firm to be dissolved under Section 44 of the Act in which of the following scenarios?

Arrange the following Balance Sheet items in the top-to-bottom sequence prescribed for the format of a corporate Balance Sheet under the revised Schedule III to the Companies Act, 2013:(A) Current Assets(B) Shareholder's Funds(C) Non-current Liabilities(D) Non-Current Assets(E) Current LiabilitiesChoose the correct answer from the options given below:

The books of a business showed that the firm's capital employed on December 31, 2015, is $\text{Rs. }5,00,000$. The profits for the last five years were:2011: $\text{Rs. }40,000$ 2012: $\text{Rs. }50,000$ 2013: $\text{Rs. }55,000$ 2014: $\text{Rs. }70,000$ 2015: $\text{Rs. }85,000$ Find out the normal profits of the business, given that the normal rate of return is $10\%$.

Aashish withdrew $\text{Rs. }10,000$ per month from the firm for his personal use during the year ending March 31, 2017. Calculate the interest on drawings charged @ $8\%$ p.a., when the amount is withdrawn regularly at the beginning of each month.