✓ Board-verified
Accountancy · 2026 · 1 mark
CBSE 2026 · Region 5 · Set 2 · Q7
Munna and Sonu were partners in a firm sharing profits and losses in the ratio of 4: 1. Their fixed capitals were ₹ 40,00,000 and s 30,00,000…
Munna and Sonu were partners in a firm sharing profits and losses in the ratio of $\displaystyle 4$ : 1. Their fixed capitals were ₹ $\displaystyle 40{,}00{,}000$ and s $\displaystyle 30{,}00{,}000$ respectively. During the year ended 31st March, $\displaystyle 2025$, Munna withdrew $\displaystyle 50{,}000$ for personal use. Interest on drawings was to be charged @ $\displaystyle 6$% p.a. The journal entry for charging interest on Munna's drawings will be : Dr. Amount Cr. Amount Particulars ( ) ( )
Official answer
(D)
Munna's Current A/c Dr. $\displaystyle 1{,}500$ To Interest on Drawings A/c $\displaystyle 1{,}500$
Marking-scheme solution
(D)
Particulars Dr. Amount(₹) Cr. Amount(₹)
(D)
Munna’s Current A/c Dr. $\displaystyle 1{,}500$
To Interest on Drawings A/c $\displaystyle 1{,}500$
All Accounting for Partnership: Basic Concepts questions2026 question paperPractice Accounting for Partnership: Basic Concepts →
More from Accounting for Partnership: Basic Concepts
- Anita and Priyal were partners in a firm sharing profits and losses in the ratio of 3: 2. On 1st April, 2024, their capital accounts showed balances…2026
- Reema, Meesha and Shikha were partners in a partnership firm sharing profits and losses in the ratio of 8: 7: 5. On 1st October, 2023, Reema advanced…2025
- Anuj and Kartik were partners in a firm sharing profits and losses in the ratio of 5: 4. Anuj withdrew ₹ 20,000 in the beginning of every alternate…2025
- Monika, Bhoomika and Kamolika are partners sharing profits in the ratio of 6: 4: 1. Kamolika is guaranteed a minimum amount of ₹ 3,00,000 as her…2023
- Richa, Sheena and Tapti were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. The partnership deed provided for charging…2024
- Radhika, Mehar and Shubha were partners in a firm sharing profits and losses in the ratio of 9: 8: 7. If Radhika's share of profit at the end of the…2025
- Sun and Moon were partners in a firm sharing profits and losses equally. Their fixed capitals were ₹ 5,00,000 each. After the accounts for the year…2025
- Nandita and Prabha were partners in a firm manufacturing furniture. They were sharing profits and losses in the ratio of 8:7. During the year ended…2026
CBSE Class 12 Accountancy past-paper question from the 2026 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.