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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 5 · Set 2 · Q11
Maki, Ruhi and Ginni are partners in a firm sharing profits and losses in the ratio of 6: 4: 1. Maki guaranteed a profit of ₹ 50,000 to Ginni. Net…
Maki, Ruhi and Ginni are partners in a firm sharing profits and losses in the ratio of $\displaystyle 6$ : $\displaystyle 4$ : 1. Maki guaranteed a profit of ₹ $\displaystyle 50,000$ to Ginni. Net profit for the year ending 31st March, $\displaystyle 2023$ was ₹ $\displaystyle 1,10$,000. Mahi's share in the profit of the firm after giving guaranteed amount to Ginni will be :
Official answer
(A)
₹ $\displaystyle 20,000$
Marking-scheme solution
(A)
₹$\displaystyle 20,000$
Read the following hypothetical situation…..
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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.