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Interest On Drawings Questions

Practice 12 Interest On Drawings questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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12
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3
Easy
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9
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Practice by Exam:Accountancy(10)CUET Accountancy(2)

About Interest on Drawings — practice questions, PYQs & concepts

Interest on Drawings is a frequently-tested topic on Accountancy, CUET Accountancy. ExamTest.live currently lists 12 Interest on Drawings 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.

Interest on Drawings weight in competitive exams

Across our Interest on Drawings question bank, the largest sources are Accountancy (10) and CUET Accountancy (2). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 3 easy Interest on Drawings questions are available — build fluency before moving up.
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All Interest On Drawings Questions(1–12 of 12)

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Q1easymcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
When a fixed amount is withdrawn at the end of each quarter, interest on drawings will be calculated for _______
Q2mediummcqAccountancyCUET UG 2024 Accountancy Question Paper (17-May-2024) (Shift 3)2026
Match List-I with List-II and choose the correct answer from the options given below:List-I (Equal amount of drawings made)(A) At the end of each half year(B) At the beginning of each quarter(C) At the beginning of each month(D) At the end of each quarterList-II (Number of month for which interest calculated)(I) months(II) months(III) months(IV) months
Q3mediummcqAccountancyCUET Accountancy 2025 14 May Shift 22026
Aashish withdrew per month from the firm for his personal use during the year ending March 31, 2017. Calculate the interest on drawings charged @ p.a., when the amount is withdrawn regularly at the beginning of each month.
Q4easymcqAccountancyCUET Accountancy 2025 22 May Shift 12026
When the date of drawing is not specified, interest on drawings is calculated for:
Q5mediummcqAccountancyCUET Accountancy 2025 22 May Shift 12026
M and N are partners in a firm and agree that an interest per annum should be charged on drawings. M draws per month at the beginning of each month. The amount of interest to be charged from M is:
Q6mediummcqAccountancyCUET Accountancy2026
John Ibrahim, a partner in Ancient Tours and Travels, withdrew money during the year ending March 31, 2020, from his capital account for personal use. He withdrew per month at the beginning of every month. Calculate the interest on drawings that should be charged from John Ibrahim if the rate of interest on drawings is per annum.
Q7mediummcqAccountancyCUET Accountancy2026
Calculate the interest on drawings if Ram withdrew per month at the beginning of each month for the whole year, with interest charged @ per annum.
Q8mediummcqAccountancyCUET Accountancy 2025 30 May Shift 12026
Himanshu withdrew at the end of each month. The partnership deed provides for charging of interest on drawings Calculate interest on Himanshu's drawings for the year ended March 31, 2017.
Q9mediummcqAccountancyCUET Accountancy 2025 30 May Shift 22026
Aashish withdrew Rs. 10,000 per month from the firm for his personal use during the year ending March 31, 2017. What will be the amount of interest if the amount is withdrawn at the beginning of each month and rate of interest on drawings is 8% per annum?
Q10mediummcqCUET AccountancyCUET 2025 31 May Shift 12026
Match List-I with List-II

Choose the correct answer from the options given below:
Q11easymcqCUET AccountancyCUET Accountancy 2025 2 June Shift 22026
When the exact date of a partner's drawings is not specified in the records, interest on drawings is calculated for an average period of:
Q12mediummcqAccountancyCUET Accountancy 2025 3 June Shift 22026
Calculate interest on drawings if Ram withdrew per month at the beginning of each month for the whole year, and interest on drawings is charged @ per annum.

Frequently Asked Questions

How many Interest On Drawings questions are on ExamTest.live?▼
We have 12 Interest On Drawings questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Interest On Drawings MCQs free?▼
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Which exams include Interest On Drawings questions?▼
Interest On Drawings questions are commonly asked in Accountancy, CUET Accountancy. You can filter by exam using the links above.
How do I practice Interest On Drawings 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.