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Accountancy · 2024 · 1 mark

CBSE 2024 · Region 5 · Set 3 · Q13

Kriti, Hina and Nidhi were partners sharing profits in the ratio of 3: 2: 1. Nidhi retired. On the date of her retirement, Workmen Compensation Fund…

Kriti, Hina and Nidhi were partners sharing profits in the ratio of $\displaystyle 3$ : $\displaystyle 2$ : 1. Nidhi retired. On the date of her retirement, Workmen Compensation Fund stood in the Balance Sheet at ₹ $\displaystyle 1,50$,000. Workmen Compensation Claim was ₹ $\displaystyle 1,20$,000. How much amount of Workmen Compensation Fund will be credited to Nidhi's Capital Account ?
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CBSE Class 12 Accountancy past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.