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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 2 · Set 2 · Q5
On 1st January, 2023, Abhishek, a partner, advanced a loan of ₹ 3,00,000 to the firm. In the absence of a partnership agreement, the amount of…
On 1st January, $\displaystyle 2023$, Abhishek, a partner, advanced a loan of ₹ $\displaystyle 3,00,000$ to the firm. In the absence of a partnership agreement, the amount of interest on the loan for the year ending 31st March, $\displaystyle 2023$ will be :
If a partner withdraws a fixed amount at the end of each quarter, interest on drawings will be charged for __________ months.
Official answer
(a) → (B)
(b) → (D)
Marking-scheme solution
(B)
₹$\displaystyle 4,500$
OR
Q.(ii) If a partner withdraws a fixed ......................
Ans. (D) $\displaystyle 4$ ½
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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.