Skip to content

Aman and Suman are… (Class 12 Accountancy SQP 2026-27, Q2)

questionbuddy.in/q/cbse-12-accountancy-2026-27-sqp-q2-aman-suman-partners-sharing-profits

AccountancyCBSE Class 12 · Sample paper, session 2026-27 · 1 mark · MCQ

CBSE Class 12 Accountancy sample paper 2026-27: question 2

From the official CBSE sample question paper for 2026-27, section A, question 2, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q2 · 1 mark · MCQAccounting for Partnership: Basic Concepts

Aman and Suman are partners sharing profits and losses in the ratio of 3:2. Their capitals as on 1st April 2025 were ₹2,00,000 and ₹3,00,000 respectively. After the division of Net profits of ₹3,00,000 for the year 2025-26 among the partners, and adjustment of drawings, their capital balances on 31st March 2026 were: Aman ₹3,00,000 Suman ₹4,00,000. The accountant omitted to charge interest on drawings. If the firm wants to charge interest on drawings @10% p.a. Interest on Aman's drawings would be:

  1. (A)₹ 4,000
  2. (B)₹ 8,000
  3. (C)₹ 40,000
  4. (D)₹ 80,000

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

Rebuild Aman's capital account to find his drawings.

Hint 2

With no dates, charge interest for half a year.

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. Aman's capital: ₹ 2,00,000 + profit share 3/5 × ₹ 3,00,000 = ₹ 1,80,000, less drawings, = ₹ 3,00,000. So drawings = ₹ 80,000.

  2. Dates are not given, so interest is for an average of 6 months: ₹ 80,000 × 10% × 6/12 = ₹ 4,000. Option (A).

    1 mark

Answer: (A) ₹ 4,000

Where the marks are

  • Drawings ₹ 80,000 found from the capital account; 6 months' interest (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 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.