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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:
In the event of dissolution of a partnership firm, the order of payment of losses including deficiencies of capital shall be :
Official answer
(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
(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.
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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.