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Nidhi and Kunal were… (Class 12 Accountancy 2026, Q10)

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AccountancyCBSE Class 12 · Board exam 2026, set 67/1/1 · 1 mark · MCQ

CBSE Class 12 Accountancy 2026: question 10

Set in the CBSE Class 12 board exam of 2026, paper 67/1/1, section A, question 10, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q10 · 1 mark · MCQAccounting for Partnership: Basic Concepts

Nidhi and Kunal were partners in a firm sharing profits and losses in the ratio of 4 : 1. Their capitals were ₹ 3,00,000 and ₹ 2,00,000 respectively. They were entitled to interest on capital @ 6% p.a. The firm earned a profit of ₹ 15,000 during the year.

Interest on partners' capitals will be :

  1. (A)Nidhi ₹ 18,000 ; Kunal ₹ 12,000
  2. (B)Nidhi ₹ 7,500 ; Kunal ₹ 7,500
  3. (C)Nidhi ₹ 9,000 ; Kunal ₹ 6,000
  4. (D)Nidhi ₹ 12,000 ; Kunal ₹ 3,000

Source: official question paper from cbse.gov.in (PDF). See it in the full 2026 board paper, set 67/1/1.

Hints

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

Hint 1

Compare total interest with the profit.

Hint 2

If profit is short, share it in the ratio of interest due.

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. Interest at 6%: Nidhi ₹ 18,000, Kunal ₹ 12,000 (total ₹ 30,000), but profit is only ₹ 15,000. Interest on capital is an appropriation, so it cannot exceed profit.

  2. The ₹ 15,000 is shared in the ratio of interest 18,000 : 12,000 = 3 : 2: Nidhi ₹ 9,000, Kunal ₹ 6,000. Option (C).

    1 mark

Answer: (C) Nidhi ₹ 9,000 ; Kunal ₹ 6,000

Where the marks are

  • Profit shared in ratio of interest when insufficient (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 paper2026 board paper, set 67/1/1: 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.