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Accountancy · 2023 · 1 mark
Accounting for Partnership: Basic ConceptsDistribution of Profit among Partners1 markvery short answer
CBSE 2023 · Region 2 · Set 3 · Q4
Rita and Usha were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$:5. During the year Usha withdrew ₹ $\displaystyle 15,000$ at the end of each month. Interest on drawings is to be charged @ $\displaystyle 8$% p.a. The average period for the calculation of interest on drawings will be :
Official answer
From CBSE’s own marking scheme for this paper.
(D)
$\displaystyle 5$½ month
Marking-scheme solution
(d)
$\displaystyle 5$½ months
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CBSE Class 12 Accountancy past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.