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A partner’s… (Class 12 Accountancy SQP 2025-26, Q1a)

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AccountancyCBSE Class 12 · Sample paper, session 2025-26 · 1 mark · MCQ

CBSE Class 12 Accountancy sample paper 2025-26: question 1(a)

From the official CBSE sample question paper for 2025-26, section A, question 1(a), for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q1(a) · 1 mark · MCQAccounting for Partnership: Basic Concepts

A partner’s capital account was credited with ₹80,000 during the year. Which of the following can be the possibility for such a credit in his capital account?

  1. (A)Opening Balance
  2. (B)Drawings during the year
  3. (C)Loss during the year
  4. (D)Capital introduced

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2025-26.

Hints

Open one hint at a time and try again before the next.

Hint 1

Which items increase what the firm owes to a partner?

Hint 2

Drawings and losses reduce capital, so they sit on the debit side.

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. A capital account is credited when the partner's claim on the firm rises: capital introduced, interest on capital, salary, commission or share of profit. Drawings and losses are debits, and the opening balance is brought down, not credited during the year.

  2. So a fresh credit of ₹ 80,000 during the year can only be capital introduced. Option (D).

    1 mark

Answer: (D) Capital introduced

Where the marks are

  • Identifies capital introduced as a credit to the capital account (1 mark)

Revise the chapter

Practise this chapterBoard-style questions from Accounting for Partnership: Basic Concepts, one at a time, marked against the answer key and marking points.Back to the full paperSample paper 2025-26: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.