List of top Accountancy Questions on Receipts & Payment Account asked in CBSE CLASS XII

Sunny and Rohan were partners in a firm sharing profits and losses in the ratio of 2 : 1. Their books showed that the capital employed on 31st March, 2023 was Rs.7,00,000.
The average profits earned by the firm were Rs.90,000.
Calculate the value of goodwill on the basis of 5 years purchase of super profits assuming that the normal rate of return is 10%.
Mahi, Ruhi, and Ginni are partners in a firm sharing profits and losses in the ratio of 6 : 4 : 1. Mahi guaranteed a profit of Rs.50,000 to Ginni. Net profit for the year ending 31 superscript{st March, 2023, was Rs.1,10,000. Mahi’s share in the profit of the firm after giving the guaranteed amount to Ginni will be:}
Amount of interest to be charged on Hitesh’s drawings will be:
Ruchika and Harshita were partners in a firm. Ruchika had withdrawn Rs.9,000 at the end of each quarter throughout the year. The interest to be charged on Ruchika’s drawings at 6% p.a. will be: