CBSE Class 12 Accountancy — Accounting for Partnership Firms — Fundamentals

All previous year questions from Chapter: Accounting for Partnership Firms — Fundamentals

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2026(1 question)

10
Nidhi and Kunal were partners in a firm sharing profits and losses in the ratio of 4 : 1. Their capitals were Rs. 3,00,000 and Rs. 2,00,000 respectively. They were entitled to interest on capital @ 6% p.a. The firm earned a profit of Rs. 15,000 during the year. Interest on partners' capitals will be :
1 mark· A· Interest on Partners' Capital when Profits are Insufficient