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Accountancy · 2023 · 1 mark
Accounting for Partnership: Basic ConceptsDistribution of Profit among Partners1 markvery short answer
CBSE 2023 · Region 1 · Set 1 · Q1
Hina and Neena are partners in a firm. Neena withdrew ₹ $\displaystyle 10,000$ per month at the beginning of each month during the year ended 31st March, 2022. Interest on drawings was to be charged @ $\displaystyle 6$% per annum. Interest on Neena's drawings for the year ended 31st March, $\displaystyle 2022$ will be :ORVibha and Asha are partners in a firm. Asha withdrew ₹ $\displaystyle 1,000$ at the end of each quarter during the year ended 31st March, 2022. Interest on drawings will be calculated for an average period of : $\displaystyle 1$ months
OR
Vibha and Asha are partners in a firm. Asha withdrew ₹ $\displaystyle 1,000$ at the end of each quarter during the year ended 31st March, 2022. Interest on drawings will be calculated for an average period of : $\displaystyle 1$ monthsOfficial answer
From CBSE’s own marking scheme for this paper.
(a) → (A)
(b) → (B)
Marking-scheme solution
(a)
`$\displaystyle 3,900$
Q. (ii) Vibha and Asha are partners……………..
Ans (b) $\displaystyle 4$ ½ months
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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.