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Accountancy · 2023 · 1 mark
Accounting for Partnership: Basic ConceptsDistribution of Profit among Partners1 markvery short answer
CBSE 2023 · Region 2 · Set 2 · Q4
Abhay and Ravi were partners in a firm sharing profits and losses in the ratio $\displaystyle 2$:1. During the year, Abhay withdrew ₹ $\displaystyle 6,000$ in the beginning of each month. Interest on drawings is to be charged at $\displaystyle 6$% p.a. The average period for the calculation of interest on drawings will be :
Official answer
From CBSE’s own marking scheme for this paper.
(B)
$\displaystyle 6$½ months
Marking-scheme solution
(b)
$\displaystyle 6$½ months
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CBSE Class 12 Accountancy past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.