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Accountancy · 2025 · 1 mark
CBSE 2025 · Region 2 · Set 1 · Q2
Eliza, Fenn and Garry were partners in a firm sharing profits and losses in the ratio of $\displaystyle 4$ : $\displaystyle 3$ : 1. Fenn was guaranteed ₹ $\displaystyle 25,000$ as his share in the profits. Any deficiency arising on that account was to be met by Eliza. The firm earned a profit of ₹ $\displaystyle 80,000$ for the year ended 31st March, 2024. The amount of profit credited to Fenn's capital account will be :
Official answer
From CBSE’s own marking scheme for this paper.
(A)
₹ $\displaystyle 30,000$
Marking-scheme solution
(A)
₹$\displaystyle 30,000$
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CBSE Class 12 Accountancy past-paper question from the 2025board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.