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Accountancy · 2025 · 1 mark
CBSE 2025 · Region 2 · Set 2 · Q2
Emil y, Farida and Gauri were partners in a firm sharing profits and losses in the ratio of 4: 3: l. Farida was guaranteed ₹ 35,000 as her share in…
Emil y, Farida and Gauri were partners in a firm sharing profits and losses in the ratio of $\displaystyle 4$ : $\displaystyle 3$ : l. Farida was guaranteed ₹ $\displaystyle 35,000$ as her share in the profits in the firm. Any deficiency arising on that account was to be met by Emily. The firm earned a profit of ₹ $\displaystyle 80,000$ for the year ended 3lS* March 2024. The profit credited to Farida's capital account was :
Official answer
(B)
₹ $\displaystyle 35,000$
Marking-scheme solution
(B)
₹$\displaystyle 35,000$
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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.