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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 1 · Set 2 · Q7
Abha and Babita were partners in a clay toy making firm sharing profits in the ratio of $\displaystyle 2$ : 1. On 1st April, $\displaystyle 2023$, their capital accounts showed balances of ₹ $\displaystyle 5,00,000$ and ₹ $\displaystyle 10,00,000$ respectively. The partnership deed provides for interest on capital @ $\displaystyle 10$% p.a. The firm earned a profit of ₹ $\displaystyle 90,000$ during the year. The amount of interest on capital allowed to Abha will be :
Official answer
From CBSE’s own marking scheme for this paper.
(D)
₹ $\displaystyle 30,000$
Marking-scheme solution
(D)
₹$\displaystyle 30,000$
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CBSE Class 12 Accountancy past-paper question from the 2024board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.