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X, Y, and Z are… (Class 12 Accountancy SQP 2026-27, Q7)

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

CBSE Class 12 Accountancy sample paper 2026-27: question 7

From the official CBSE sample question paper for 2026-27, section A, question 7, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q7 · 1 mark · MCQAccounting for Partnership: Basic Concepts

X, Y, and Z are partners in a firm sharing profits and losses in the ratio 4:3:3. Z is guaranteed a minimum profit of ₹ 50,000 per annum, the deficiency, if any, is to be borne by X and Y equally. The firm's profit for the year ended 31st March 2026 is ₹40,000. The amount of deficiency to be borne by X and Y respectively will be:

  1. (A)X ₹25,000 & Y ₹25,000
  2. (B)X ₹21,714 & Y ₹16,286
  3. (C)X ₹19,000 & Y ₹19,000
  4. (D)X ₹5,000 & Y ₹5,000

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

Find Z's normal share first.

Hint 2

The deficiency is borne in the agreed (equal) ratio.

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.

Verified: two independent solves agree and the official marking scheme matchesChecked 2026-11-01

  1. Z's actual share = . Deficiency = 50,000 − 12,000 = ₹38,000.

  2. X and Y bear the deficiency equally, ₹19,000 each, option (C).

    1 mark

Answer: X ₹19,000 & Y ₹19,000, option (C)

Where the marks are

  • Finds the deficiency of ₹38,000 and splits it equally (1 mark)

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