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Accountancy · 2023 · 1 mark
CBSE 2023 · Region 5 · Set 2 · Q15
Assertion (A) : Partnership is the relation between persons who have agreed to share the profits of the business carried on by all or any of them acting for all. Reason (R) : If a partner carries on any business of the same nature and competing with that of the firm, he/she shall account for and pay to the firm all profit made by him/her in that business. Choose the correct option from the following :
Official answer
From CBSE’s own marking scheme for this paper.
(D)
Both (A) and (R) are correct and (R) is not the correct explanation of (A)
Marking-scheme solution
(D)
-- Both (A) and (R) are correct and (R) is not the correct explanation of (A)
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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.