✓ Board-verified
Accountancy · 2023 · 1 mark
Accounting for Partnership: Basic ConceptsDistribution of Profit among Partners1 markvery short answer
CBSE 2023 · Region 1 · Set 3 · Q14
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
Practice Accounting for Partnership: Basic Concepts →All Accounting for Partnership: Basic Concepts questions
More from Accounting for Partnership: Basic Concepts
- Anita and Priyal were partners in a firm sharing profits and losses in the ratio of 3: 2. On 1st April, 2024,…2026
- Reema, Meesha and Shikha were partners in a partnership firm sharing profits and losses in the ratio of 8: 7:…2025
- Anuj and Kartik were partners in a firm sharing profits and losses in the ratio of 5: 4. Anuj withdrew ₹…2025
- Monika, Bhoomika and Kamolika are partners sharing profits in the ratio of 6: 4: 1. Kamolika is guaranteed a…2023
- Richa, Sheena and Tapti were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. The…2024
- Radhika, Mehar and Shubha were partners in a firm sharing profits and losses in the ratio of 9: 8: 7. If…2025
- Sun and Moon were partners in a firm sharing profits and losses equally. Their fixed capitals were ₹ 5,00,000…2025
- Nandita and Prabha were partners in a firm manufacturing furniture. They were sharing profits and losses in…2026
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.