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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 1 · Q4
Suchi and Ruchi were partners in a firm sharing profits and losses equally. Throughout the year Ruchi withdrew ₹ $\displaystyle 12,000$ in the middle of each month. Interest on drawings is to be charged @ $\displaystyle 6$% p.a. as per partnership agreement. The average period for calculation of interest on drawings will be :
Official answer
From CBSE’s own marking scheme for this paper.
(B)
$\displaystyle 6$ months
Marking-scheme solution
(b)
$\displaystyle 6$ 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.