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Accountancy · 2026 · 3 marks
CBSE 2026 · Region 1 · Set 2 · Q20
Aditya and Anand were partners in a firm sharing profits and losses in the ratio of 4: 1. The partnership deed provided that Anand is to be allowed a…
Aditya and Anand were partners in a firm sharing profits and losses in the ratio of $\displaystyle 4$ : 1. The partnership deed provided that Anand is to be allowed a commission of $\displaystyle 10$% on net profit. The net profit of the firm for the year ended 31st March, $\displaystyle 2025$ was ₹ $\displaystyle 2,00$,000. Pass necessary journal entries for allowing commission to Anand and transfer of the same to Profit and Loss Appropriation Account.
Marking-scheme solution
Books of Aditya and Anand
Journal
Date Particulars L.F. Dr. Cr.
Amount Amount
(₹) (₹)
$\displaystyle 2025$
Mar.31 Anand’s Commission A/c/Partner’s Commission A/c Dr. $\displaystyle 20,000$
To Anand’s Capital A/c $\displaystyle 20,000$
(Anand’s commission credited to his capital account)
” Profit and Loss Appropriation A/c Dr. $\displaystyle 20,000$
To Anand’s Commission A/c/Partner’s Commission A/c $\displaystyle 20,000$
(Anand’s commission transferred to Profit and Loss
Appropriation Account)
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CBSE Class 12 Accountancy past-paper question from the 2026 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.