12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm - Fundamentals

  • question_answer
    Match the following : if Interest on drawings is charged @ 12% p.a.
    (i) Partner withdrew Rs.1000 per month in the beginning of every month (a) 600
    (ii) Partner withdrew Rs.1000 per month at the End of every month (b) 360
    (iii) Partner withdrew Rs.2000 per month in the End of every Quarter (c) 660
    (iv) Partner withdrew Rs.2000 per month in the Beginning of every Quarter (d) 780

    A) (i) d; (ii) c; (iii) a ; (iv) b 

    B) (i) d; (ii) c; (iii) b ; (iv) a

    C) (i) b ; (ii) c; (iii) d ; (iv) a

    D) (i) c ; (ii) d; (iii) b ; (iv) a

    Correct Answer: B

    Solution :

    (i) d; (ii) c; (iii) b ; (iv) a


You need to login to perform this action.
You will be redirected in 3 sec spinner