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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 4 · Set 2 · Q11
Aditi and Saurabh were partners in a firm sharing profits and losses in the ratio of 211. On 1st April, 2022 their capitals were ₹ 5,00,000 and ₹…
Aditi and Saurabh were partners in a firm sharing profits and losses in the ratio of 211. On 1st April, $\displaystyle 2022$ their capitals were ₹ $\displaystyle 5,00,000$ and ₹ $\displaystyle 4,00,000$ respectively. Before any appropriation, the firm earned a Net profit of ₹ $\displaystyle 81,000$ for the year ended 31st March, 2023. According to the partnership deed, interest on capital was to be provided @ $\displaystyle 10$% p.a. Interest on capital will be provided to Aditi and Saurabh in which of the following ratio ?
Official answer
(A)
$\displaystyle 5$:$\displaystyle 4$
Marking-scheme solution
(A)
$\displaystyle 5$:$\displaystyle 4$
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CBSE Class 12 Accountancy past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.