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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 1 · Set 2 · Q5
Abhay, Boris and Chetan were partners in a firm sharing profits in the ratio of $\displaystyle 5$ : $\displaystyle 3$ : 2. Boris was guaranteed a profit of ₹ $\displaystyle 95$,000. Any deficiency on account of this was to be borne by Abhay and Chetan equally. The firm earned a profit of ₹ $\displaystyle 2,00,000$ for the year ended 31st March, 2023. The amount given by Abhay to Boris as guaranteed amount will be :
Official answer
From CBSE’s own marking scheme for this paper.
(A)
₹ $\displaystyle 17,500$
Marking-scheme solution
(A)
₹$\displaystyle 17,500$
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CBSE Class 12 Accountancy past-paper question from the 2024board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.