CUET CUET Accountancy 2024 - Match List-I with List-II | PYQs + Solutions

CUET Accountancy 2024

Accountancy

Accounting for Partnership

Medium

List-I (Equal amount of drawings made)	List-II (Number of month for which interest calculated)
(A) At the end of each half year	(I) 4.5 months
(B) At the beginning of each quarter	(II) 6.5 months
(C) At the beginning of each month	(III) 7.5 months
(D) At the end of each quarter	(IV) 3 months

Match List-I with List-II

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (IV), (B) - (III), (C) - (I), (D) - (III)

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

Correct Option: 4

The Average Period Formula is: (Months left after 1st drawing + Months left after last drawing) / 2

Withdrawal Timing	1st Drawing (Months Left)	Last Drawing (Months Left)	Average Period Formula	Average Period (Months)
End of each half year	30 Sept (6)	31 Mar (0)	(6 + 0) / 2	3
Beginning of each quarter	1 Apr (12)	1 Jan (3)	(12 + 3) / 2	7.5
Beginning of each month	1 Apr (12)	1 Mar (1)	(12 + 1) / 2	6.5
End of each quarter	30 Jun (9)	31 Mar (0)	(9 + 0) / 2	4.5