1 Past Adjustments questions from CUET Accountancy 16 July Shift 2 with detailed answers and explanations. Free previous year questions and MCQs.
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Past Adjustments — CUET Accountancy 16 July Shift 2(1–1 of 1)
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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 1:1. 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.
CUET Accountancy 16 July Shift 2 Past Adjustments — FAQ
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Our database has 1 Past Adjustments questions from CUET Accountancy 16 July Shift 2 covering 2026 to 2026.
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Visit /tag/past-adjustments to see all Past Adjustments questions across all exams including CUET Accountancy 2025 13 May Shift 2, CUET Accountancy 2025 22 May Shift 2.