Question 1
In the absence of a partnership deed, partners share profits and losses:
Correct Answer:
Equally
Question 2
In the absence of a partnership deed, interest on partners' capital is:
Correct Answer:
Not allowed
Question 3
A partner advances a loan of Rs 2,00,000 to the firm. There is no partnership deed. Interest on the loan for a full year is:
Correct Answer:
Rs 12,000
Question 4
A and B share profits equally. Capitals: A Rs 1,50,000; B Rs 1,00,000. Interest on capital @ 10% p.a. is allowed only out of profits. Profit before interest is Rs 20,000. Interest allowed will be:
Correct Answer:
A Rs 12,000; B Rs 8,000
Question 5
Drawings of Rs 24,000 were made evenly throughout the year. Interest on drawings is charged at 10% p.a. Interest on drawings for the year is:
Correct Answer:
Rs 1,200
Question 1
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About this Exam

Prepare with the RBSE SS Accountancy Practice Questions - Rajasthan RBSE Senior Secondary (Class 12) Accountancy - Code 030 Exam practice quiz. This question bank includes 100 questions covering share, capital, profits, shares, and profit. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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RBSE SS Accountancy Practice Questions - Rajasthan RBSE Senior Secondary (Class 12) Accountancy - Code 030 Exam

This practice set contains 100 questions from the matching question bank and focuses on share, capital, profits, shares, and profit. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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