CBSE 2026 · Region 1 · Set 1 · Q4

Tarun and Tej were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : 2. On 1st April $\displaystyle 2024$, Tej had given a loan of ₹ $\displaystyle 50,000$ to the firm. The net profit of the firm before charging interest on loan was ₹ $\displaystyle 3,75$,000. The Firm closes its books on 31st March every year. The amount of prost transferred from Prost and Loss Account to Profit and Loss Appropriation Account will be :

OR

Ashok and Vasu were partners in a firm sharing profits and losses in the ratio of $\displaystyle 4$ : 3. Their capitals on 31st March, $\displaystyle 2025$ were ₹ $\displaystyle 3,00,000$ and ₹ $\displaystyle 3,75,000$ respectively. During the year ended $\displaystyle 3151$; March, $\displaystyle 2025$ Vasu withdrew ₹ $\displaystyle 40,000$ for his personal use and introduced ₹ $\displaystyle 1,50,000$ as additional capital in the business. Profit of the firm for the year ended 31st March, $\displaystyle 2025$ was ₹ $\displaystyle 1,40$,000. Vasu's capital in the beginning of the year was :