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Fixed Capital Questions

Practice 4 Fixed Capital questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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Practice by Exam:CUET Accountancy(3)Accountancy(1)

About Fixed Capital — practice questions, PYQs & concepts

Fixed Capital is a frequently-tested topic on CUET Accountancy, Accountancy. ExamTest.live currently lists 4 Fixed Capital questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Fixed Capital weight in competitive exams

Across our Fixed Capital question bank, the largest sources are CUET Accountancy (3) and Accountancy (1). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 2 easy Fixed Capital questions are available — build fluency before moving up.
  • Target weak years: Use the year filter to focus on the most recent 2026 paper or older PYQs you have not attempted.
  • Time yourself: Every question shows the average solve time so you can benchmark your speed against other students.
  • Read every explanation: Even on questions you got right — the explanation often surfaces a faster approach you can reuse.

All Fixed Capital Questions(1–4 of 4)

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Q1mediummcqCUET AccountancyCUET Accountancy 16 July Shift 22026
A firm which maintains fixed capital accounts had two partners, Vimla and Kamla, sharing profits in the ratio . The firm credited the partners with profit without allowing interest on Capital, which is allowed in the deed. Choose the correct option to pass a journal entry for the past adjustment if the Interest on capital is ₹2,000 for Vimla and ₹3,000 for Kamla.
Q2easymcqAccountancyCUET Accountancy 2025 13 May Shift 22026
Under the fixed capital method of a partnership concern, which two accounts are maintained for each partner?
Q3easymcqCUET AccountancyCUET Accountancy 2025 2 June Shift 22026
In case of a Fixed Capital Account framework, Interest on Drawings is:
Q4mediummcqCUET AccountancyCUET Accountancy 2025 2 June Shift 22026
When capital accounts are maintained under the Fixed Capital method, additional capital introduced by a partner is recorded as a:

Frequently Asked Questions

How many Fixed Capital questions are on ExamTest.live?▼
We have 4 Fixed Capital questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Fixed Capital MCQs free?▼
Yes. All Fixed Capital questions, answers, and explanations on ExamTest.live are completely free. No account or subscription required.
Which exams include Fixed Capital questions?▼
Fixed Capital questions are commonly asked in CUET Accountancy, Accountancy. You can filter by exam using the links above.
How do I practice Fixed Capital questions effectively?▼
Start with easy questions to build confidence, then tackle medium and hard ones. Use the filter buttons to sort by difficulty. Reveal the answer only after attempting each question, and read the explanation thoroughly.