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Accountancy · 2026 · 1 mark

CBSE 2026 · Region 5 · Set 2 · Q4

Sushil and Sapna were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : 2. On 31st March, $\displaystyle 2025$, the firm was dissolved. On the date of dissolution there existed a balance of ₹ $\displaystyle 1,20,000$ in sundry creditors account. The sundry creditors were payable after three months. They were paid immediately at a discount of $\displaystyle 12$% p.a. The amount paid to sundry creditors was :

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CBSE Class 12 Accountancy past-paper question from the 2026board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.