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Accountancy · 2025 · 1 mark
CBSE 2025 · Region 6 · Set 1 · Q10
In the event of dissolution of a partnership firm, the order of payment of losses including deficiencies of capital shall be :
Official answer
From CBSE’s own marking scheme for this paper.
(D)
(i) First out of profits, (ii) Next out of capital of partners, (iii) Lastly, if necessary, by the partners individually in their profit sharing ratio
Marking-scheme solution
(i)
First out of profits, (ii) Next out of capital of partners, (iii) Lastly, if
necessary, by the partners individually in their profit sharing ratio.
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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.