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Accountancy · 2026 · 1 mark
CBSE 2026 · Region 1 · Set 3 · Q12
Tarun and Tej were partners in a Firm sharing profits and losses in the ratio of 3: 2. On 1st April 2024, Tej had given a loan of ₹ 50,000 to the…
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 prost 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 :
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 31st 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 :
Official answer
(a) → (B)
(b) → (C)
Marking-scheme solution
(B)
₹$\displaystyle 3,72,000$
OR
Q. (b) Ashok and Vasu were partners….
Ans. (C) ₹$\displaystyle 2,05,000$
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CBSE Class 12 Accountancy past-paper question from the 2026 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.