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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 4 · Set 3 · Q12
Vanya and Aanya were partners in a firm sharing profit and losses in the ratio of 3:2. Their capital were ₹ 5,00,000 and ₹ 1,00,000 respectively.…
Vanya and Aanya were partners in a firm sharing profit and losses in the ratio of $\displaystyle 3$:2. Their capital were ₹ $\displaystyle 5,00,000$ and ₹ $\displaystyle 1,00,000$ respectively. Vanya was entitled to interest on capital @ $\displaystyle 8$% p.a. and Aanya was entitled to salary @ ₹ $\displaystyle 5,000$ per month. The net profit before any appropriation was ₹ $\displaystyle 1,75$,000. Vanya's share in divisible profit will be :
Omkar and Shiva were partners in a firm. Omkar was entitled to a salary of ₹ $\displaystyle 20,000$ p.a. while Shiva was entitled to a salary of ₹ $\displaystyle 50,000$ p.a. Net profit for the year ended 31st March, $\displaystyle 2023$ after charging salary of Omkar and Shiva was ₹ $\displaystyle 5,60$,000. The total amount credited to Omkar's capital account will be :
Official answer
(a) → (A)
(b) → (D)
Marking-scheme solution
(A)
₹$\displaystyle 45,000$
Or
Q. (b) Omkar and Shiva…………………………………
Ans. (D) ₹$\displaystyle 3,00,000$
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CBSE Class 12 Accountancy past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.