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Accountancy · 2025 · 1 mark
CBSE 2025 · Region 4 · Set 1 · Q2
Emily, Flora and Ginni entered into a partnership on 1st October, 2023 with capitals of ₹ 10,00,000 each. The partnership deed provided for interest…
Emily, Flora and Ginni entered into a partnership on 1st October, $\displaystyle 2023$ with capitals of ₹ $\displaystyle 10,00,000$ each. The partnership deed provided for interest on capital at $\displaystyle 10$% p.a. The firm earned a net profit of ₹ $\displaystyle 7,50,000$ for the year ended 31st March, 2024. The amount of profit transferred to Emily's capital account was :
Official answer
(A)
₹ $\displaystyle 2,00,000$
Marking-scheme solution
(A)
₹$\displaystyle 2,00,000$
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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.