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Accountancy · 2025 · 1 mark
CBSE 2025 · Region 6 · Set 2 · Q2
Sharma, Verma and Khan were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. The firm closes its books on 31st March every…
Sharma, Verma and Khan were partners in a firm sharing profits and losses in the ratio of $\displaystyle 2$ : $\displaystyle 2$ : 1. The firm closes its books on 31st March every year. On 31st i . ' r i profits of the firm till the date of his death was to be calculated on the basis of the profit of the previous year. During the year ended 31st March, $\displaystyle 2024$ the firm earned a profit of e t t or Khan's share in the profits of the firm till the date of his death will be : , i . .
Official answer
(B)
Profit and Loss Suspense Account will be debited by ₹ $\displaystyle 90{,}000$ and Khan's Capital Account will be credited by $\displaystyle 90{,}000$
Marking-scheme solution
(B)
Profit and Loss Suspense Account will be debited by ₹$\displaystyle 90{,}000$ and Khan’s Capital
Account will be credited by ₹$\displaystyle 90$,000.
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CBSE Class 12 Accountancy past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.