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Accountancy · 2025 · 1 mark
CBSE 2025 · Region 5 · Set 1 · Q5
John and Harry were partners in a firm sharing profits and losses in the ratio of $\displaystyle 2$ : 1. On 1st April, $\displaystyle 2023$, they admitted Dinesh as a new partner 1th for share in the profits of the firm with a guarantee that his share in the profits shall be at least ₹ $\displaystyle 1,00$,000. The net profit of the firm for the year ended 31st March, $\displaystyle 2024$ was ₹ $\displaystyle 2,80,000$ . John's she re in the profits of the firm after giving the guaranteed amount of profit to Dinesh will be :
Official answer
From CBSE’s own marking scheme for this paper.
(B)
₹ $\displaystyle 1,20,000$
Marking-scheme solution
(B)
₹$\displaystyle 1,20,000$
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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.