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Accountancy · 2023 · 1 mark
Accounting for Partnership: Basic ConceptsSpecial Aspects of Partnership Accounts1 markvery short answer
CBSE 2023 · Region 3 · Set 2 · Q2
Assertion (A) : Interest on p artners' loan is debited to Profit and Loss Account. artners' loan is a charge against profits. Reason (R) : Interest on p On the basis of the above Assertion (A) and Reason (R), choose the correct option from the following :
Official answer
From CBSE’s own marking scheme for this paper.
(C)
Both Assertion (A) and Reason (R) are correct
Marking-scheme solution
(c)
Both Assertion (A) and Reason (R) are correct.
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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.