CUET Accountancy 2025 22 May Shift 2 PYQs

A and B are partners without any partnership deed. B has given a loan of $\text{Rs. }2,00,000$ to the firm on 1st July 2023. B claims interest on loan @ $10\%\text{ p.a.}$ How much interest on loan will be paid to B for the year ending on 31st March 2024?

A and B are partners in a firm with their fixed capitals of $\text{Rs. }4,00,000$ and $\text{Rs. }5,00,000$ respectively. After preparation of accounts, it was found that interest on capital @ $10\%\text{ p.a.}$ as provided by the partnership deed was omitted. In order to rectify the mistake, A's current account will be:

In case of dissolution, a Machine costing $\text{Rs. }20,000$, along with cash of $\text{Rs. }5,000$ were given to creditors of $\text{Rs. }30,000$ in full settlement of their claim.In this case, Realisation A/c will be Debited with:

Arrange the following steps related to the issue of shares in proper sequence.(A) Allotment of Shares(B) Receipt of Applications(C) Issue of Prospectus(D) Share callsChoose the correct answer from the options given below:

Which of the following is not a feature of a partnership deed?