✓ Board-verified
Accountancy · 2025 · 1 mark
CBSE 2025 · Region 6 · Set 3 · Q12
Ashok and Avinash were partners in a firm sharing profits and losses in the ratio of 3: 2. On 1st April, 2023, their capitals were 10,00,000 and…
Ashok and Avinash were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : 2. On 1st April, $\displaystyle 2023$, their capitals were $\displaystyle 10,00,000$ and $\displaystyle 15,00,000$ respectively. After the accounts for the year ending 31st March, $\displaystyle 2024$ were prepared, it was discovered that interest on capital at the rate of $\displaystyle 10$% per annum, as provided for in the partnership deed, was not credited to the partner s' capital accounts before distribution of o $\displaystyle 1$ i crest on capital been duly provided, the firm's divisible profit would have :
Official answer
(A)
Reduced by ₹ $\displaystyle 2,50,000$
Marking-scheme solution
(A)
Reduced by ₹$\displaystyle 2,50,000$
All Accounting for Partnership: Basic Concepts questions2025 question paperPractice Accounting for Partnership: Basic Concepts →
More from Accounting for Partnership: Basic Concepts
- Anita and Priyal were partners in a firm sharing profits and losses in the ratio of 3: 2. On 1st April, 2024, their capital accounts showed balances…2026
- Reema, Meesha and Shikha were partners in a partnership firm sharing profits and losses in the ratio of 8: 7: 5. On 1st October, 2023, Reema advanced…2025
- Anuj and Kartik were partners in a firm sharing profits and losses in the ratio of 5: 4. Anuj withdrew ₹ 20,000 in the beginning of every alternate…2025
- Monika, Bhoomika and Kamolika are partners sharing profits in the ratio of 6: 4: 1. Kamolika is guaranteed a minimum amount of ₹ 3,00,000 as her…2023
- Richa, Sheena and Tapti were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. The partnership deed provided for charging…2024
- Radhika, Mehar and Shubha were partners in a firm sharing profits and losses in the ratio of 9: 8: 7. If Radhika's share of profit at the end of the…2025
- Sun and Moon were partners in a firm sharing profits and losses equally. Their fixed capitals were ₹ 5,00,000 each. After the accounts for the year…2025
- Nandita and Prabha were partners in a firm manufacturing furniture. They were sharing profits and losses in the ratio of 8:7. During the year ended…2026
CBSE Class 12 Accountancy past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.