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Accountancy · 2023 · 1 mark
CBSE 2023 · Region 2 · Set 2 · Q13
Ram and Mohan were partners with fixed capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively. As per their partnership deed, interest on capital was…
Ram and Mohan were partners with fixed capitals of ₹ $\displaystyle 3,00,000$ and ₹ $\displaystyle 2,00,000$ respectively. As per their partnership deed, interest on capital was allowed @ $\displaystyle 10$% p.a. Net profit for the year ended 31st March, $\displaystyle 2022$ was ₹ $\displaystyle 30$,000. The amount of interest on capital was credited to each partner's current account for the year ended 31st March, $\displaystyle 2022$ was :
Anu, Bindu and Siya were partners in a firm sharing profits and losses in the ratio of $\displaystyle 2$:$\displaystyle 2$:1. Siya was guaranteed that her share of profit will not be less than ₹ $\displaystyle 50$,000. The firm's profit for the year ended 31st March, $\displaystyle 2022$ was ₹ $\displaystyle 2,00$,000. The amount of deficiency to be borne by Anu was :
Official answer
(a) → (C)
(b) → (D)
Marking-scheme solution
(c)
Ram ₹$\displaystyle 18,000$ and Mohan ₹$\displaystyle 12,000$
Or
Q. (B) Anu, Bindu………………………………………
Ans. (d) ₹$\displaystyle 5,000$
Read the following hypothetical………………………….
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CBSE Class 12 Accountancy past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.