Advance Accounting

drawings of Rs. 12,000 are made evenly throughout the year, average period for interest calculation is generally:
A) 3 months
B) 6 months
C) 9 months
D) 12 months 💯🚫❓✔️

A partner withdraws Rs. 6,000 at the beginning of each month. Total drawings during the year are:
A) Rs. 72,000
B) Rs. 36,000
C) Rs. 39,600
D) Rs. 42,000 💯🚫❓✔️

Chapter partnership mcqs 🚫🎆✨
A partner's capital is Rs. 80,000 and interest is allowed at 8% p.a. for 6 months. Interest equals:
A) Rs. 2,400
B) Rs. 3,200
C) Rs. 6,400
D) Rs. 4,800
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Partnership mcqs 💯✍️✔️
A and B share profits 3:2. C is admitted for 1/5 share, taken equally from A and B. A's new share is:
A) 1/5
B) 3/10
C) 2/5
D) 1/2

Capital reduces by drawings:
Profit increases capital:
Loss reduces capital:
Yes or no (For all 3 situation)

What is control account and subsidiary account ❓💯✔️

Net profit 20,000, sales 80,000 →
A) 10%
B) 16%
C) 23%
D) 25%

Household expenses paid by company on the behalf of owner will be recorded
1-Drawing
2-Operative
3-direcr 🔥❓💯✔️💕