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B, C and D are… (Class 12 Accountancy SQP 2026-27, Q18)

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AccountancyCBSE Class 12 · Sample paper, session 2026-27 · 3 marks · Short answer

CBSE Class 12 Accountancy sample paper 2026-27: question 18

From the official CBSE sample question paper for 2026-27, section A, question 18, for 3 marks. Try it first; the hints and our step-by-step solution are below.

Q18 · 3 marks · Short answerAccounting for Partnership: Basic Concepts

B, C and D are partners sharing profits in the ratio of 1:1:1. As per the partnership deed salary is allowed to the partners as follows:
• B is entitled to a salary of ₹ 2,000 per month.
• C is entitled to salary of ₹ 16,000 p.a.
• D is entitled to a salary of ₹ 4,000 per quarter.
Amit, an employee of the firm was entitled to a salary of ₹ 5,000 on half yearly basis which was omitted to be provided.
Calculate the amount of profits to be given to each partner by way of appropriation in each of the following cases, when the profit/loss before the above adjustments is:
Case 1. Profit of ₹ 72,000
Case 2. Profit of ₹ 45,000
Case 3. Loss of ₹ 20,000

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2026-27.

Hints

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

Hint 1

An employee's salary is a charge; partners' salaries are appropriations.

Hint 2

When profit is short, share it in the ratio of the appropriations.

Hint 3

Appropriations cannot be made out of a loss.

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. Annual salaries: B ₹ 2,000 × 12 = ₹ 24,000; C ₹ 16,000; D ₹ 4,000 × 4 = ₹ 16,000; total ₹ 56,000. Amit's salary (₹ 5,000 half-yearly = ₹ 10,000) is a charge and is deducted first.

    ½ mark

  2. Case 1: profit = ₹ 72,000 − ₹ 10,000 = ₹ 62,000, enough for salaries. Remaining ₹ 6,000 shared equally. B ₹ 26,000, C ₹ 18,000, D ₹ 18,000.

    1 mark

  3. Case 2: profit = ₹ 45,000 − ₹ 10,000 = ₹ 35,000, less than ₹ 56,000, so it is shared in the ratio of salaries 24 : 16 : 16 = 3 : 2 : 2. B ₹ 15,000, C ₹ 10,000, D ₹ 10,000.

    1 mark

  4. Case 3: loss = ₹ 20,000 + ₹ 10,000 = ₹ 30,000. No salary is allowed in a loss; each partner bears ₹ 10,000.

    ½ mark

Answer: Case 1: B ₹ 26,000, C ₹ 18,000, D ₹ 18,000 (salaries + ₹ 2,000 each). Case 2: B ₹ 15,000, C ₹ 10,000, D ₹ 10,000. Case 3: loss ₹ 10,000 each

Where the marks are

  • Annual salaries and employee's salary as a charge (½ mark)
  • Case 1 (1 mark)
  • Case 2 (1 mark)
  • Case 3 (½ 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 2026-27: 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.