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Past Adjustments Questions

Practice 3 Past Adjustments 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:Accountancy(2)CUET Accountancy(1)

About Past Adjustments — practice questions, PYQs & concepts

Past Adjustments is a frequently-tested topic on Accountancy, CUET Accountancy. ExamTest.live currently lists 3 Past Adjustments 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.

Past Adjustments weight in competitive exams

Across our Past Adjustments question bank, the largest sources are Accountancy (2) and CUET Accountancy (1). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 0 easy Past Adjustments 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.
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  • Read every explanation: Even on questions you got right — the explanation often surfaces a faster approach you can reuse.

All Past Adjustments Questions(1–3 of 3)

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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.
Q2mediummcqAccountancyCUET Accountancy 2025 13 May Shift 22026
A and B are partners in a firm with fixed capitals of and respectively. After preparing the final accounts, it was discovered that interest on capital @ as provided in the partnership deed was omitted. To rectify this error through an adjustment entry, A's Current Account should be:
Q3mediummcqAccountancyCUET Accountancy 2025 22 May Shift 22026
A and B are partners in a firm with their fixed capitals of and respectively. After preparation of accounts, it was found that interest on capital @ as provided by the partnership deed was omitted. In order to rectify the mistake, A's current account will be:

Frequently Asked Questions

How many Past Adjustments questions are on ExamTest.live?▼
We have 3 Past Adjustments questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Past Adjustments MCQs free?▼
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Which exams include Past Adjustments questions?▼
Past Adjustments questions are commonly asked in Accountancy, CUET Accountancy. You can filter by exam using the links above.
How do I practice Past Adjustments 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.