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Accountancy · 2025 · 1 mark
CBSE 2025 · Region 7 · Set 2 · Q11
There are two statements Assertion (A) and Reason (R): Assertion (A): Private assets of a partner can also be used for paying off the firm's debts.…
There are two statements Assertion (A) and Reason (R) : Assertion (A) : Private assets of a partner can also be used for paying off the firm's debts. Reason (R) : Liability of a partner for acts of the firm is limited. Choose the correct alternative from the following :
Official answer
(B)
Assertion (A) is correct, but Reason (R) is incorrect
Marking-scheme solution
(B)
Assertion (A) is correct, but Reason (R ) is incorrect.
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CBSE Class 12 Accountancy past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.