CUET Accountancy 2025 27 May Shift 1 PYQs

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Sample Questions from this Test

1. Which combination of statements are false about partnership?(A) Interest on partner's loan is to be given @ 12% p.a. if the deed is silent about the rate.(B) If the deed is silent, interest at the rate of 6% p.a. would be charged on the drawings made by the partner.(C) Methods of settlement of dispute among the partners can't be part of the partnership deed.(D) Each partner carrying on the business is the principal as well as the agent for all the other partners.Choose the correct answer from the options given below:
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2. Match List-I with List-II:List-I (Feature)List-II (Description)(A) Separate Legal Entity(I) A company being a legal person can enter into contracts and can enforce the contractual rights against others.(B) Perpetual Succession(II) It can hold and deal with any type of property, it can enter into contracts and even open a bank account in its own name.(C) Common Seal(III) The company being an artificial person created by law continues to exist irrespective of the changes in its membership.(D) May Sue or be Sued(IV) The company being an artificial person, cannot sign its name by itself.Choose the correct answer from the options given below:
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3. If the partnership deed is silent on interest on capital, then:
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