CUET-UG SERIES Accountancy
Interest
2 previous year questions.
Volume: 2 Ques
Yield: Medium
High-Yield Trend
1
2025 1
2023 Chapter Questions 2 MCQs
01
PYQ 2023
medium
accountancy ID: cuet-ug-
Select the conditions required for computing interest on drawings using average period method:
A. Equal amount of drawings
B. Fixed interval of drawings
C. Varying amounts of drawings
D. Different interval of drawings
E. Rate of Interest
Choose the correct answer from the options given below:
A. Equal amount of drawings
B. Fixed interval of drawings
C. Varying amounts of drawings
D. Different interval of drawings
E. Rate of Interest
Choose the correct answer from the options given below:
1
A, D and E only
2
A, C and B only
3
A, C and D only
4
A, B and E only
02
PYQ 2025
medium
accountancy ID: cuet-ug-
During the financial year 2021-22, Surjeet withdrew \rupee30,000 quarterly at the beginning of every quarter. If interest to be charged is 8\% p.a., calculate the amount of interest on drawings:
1
\rupee3,600
2
\rupee4,800
3
\rupee2,400
4
\rupee6,000