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Accountancy · 2025 · 1 mark
CBSE 2025 · Region 2 · Set 1 · Q3
Wayne, Shaan and Bryan were partners in a firm. Shaan had advanced a loan of ₹ 1,00,000 to the firm. On 31st= March, 2024 the firm was dissolved.…
Wayne, Shaan and Bryan were partners in a firm. Shaan had advanced a loan of ₹ $\displaystyle 1,00,000$ to the firm. On 31st= March, $\displaystyle 2024$ the firm was dissolved. After transferring various assets (other than cash & bank) and outside liabilities to Realisation Account, Shaan took over furniture of book value of ₹ $\displaystyle 90,000$ in part settlement of his loan amount. For the payment of balance amount of Shaan's loan Bank Account will be credited with :
Official answer
(D)
₹ $\displaystyle 10,000$
Marking-scheme solution
(D)
₹$\displaystyle 10,000$
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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.