Partnership Fundamentals: Class 12 Previous Year Questions

Partnership Fundamentals questions asked in CBSE board exams

Repeated questions first. Open the free app to see each question as it appeared in the paper, with its marking scheme.

1. Nandita and Prabha were partners in a firm manufacturing furniture. They were sharing profits and losses in the ratio of 8:7. During the year ended 31st March 2025, Nandita withdrew 80,000 in cash and 20,000 as furniture for her personal use. The partnership d…
   Board 20261 markMCQRepeated: 2025,2026
2. Nandita and Prabha were partners in a firm. Nandita withdrew 3,00,000 during the year for personal use. The partnership deed provides for charging interest on drawings @ 10% p.a. Interest on Nandita's drawings for the year ended 31st March, 2024 will be : (A) …
   Board 20251 markMCQRepeated: 2025,2026
3. 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 o…
   Board 20261 markMCQ
4. Navya, Kartik and Samir were partners in a firm sharing profits and losses in the ratio of 4:3:1. Samir was given a guarantee that his share of profit in any year will not be less than 57,000. Any deficiency on this account was to be borne by Navya and Kartik …
   Board 20261 markMCQ
5. (a) Sultan, Singh and Tulsi were partners in a firm sharing profits and losses in the ratio of 9 : 7 : 4. Their fixed capitals were 6,00,000, 5,00,000 and 4,00,000. The partnership deed provided that interest on partners capital accounts will be allowed at 10%…
   Board 20263 marksshort answer
6. Shree and Hari were partners in a firm sharing profits and losses in the ratio of 2 : 3. Their fixed capitals were 4,00,000 and 3,00,000 respectively. The partnership deed provided that Hari is to be allowed a commission of 5% of net profit. The net profit of …
   Board 20263 marksshort answer
7. Bose and Roy were partners in a firm sharing profits and losses in the ratio of 2:1. Bose withdrew the following amounts from the firm for personal use during the year ending 31st March, 2025 : (i) For the first three months, he withdrew 3,000 at the beginning…
   Board 20263 marksshort answer
8. (a) Sarita and Veena were partners in a firm sharing profits and losses in the ratio of 3:2. The balance in their capital and current accounts as on 1st April, 2024 were as under : Sarita () Particulars Veena () Capital Accounts 4,00,000 3,00,000 CurrentAccoun…
   Board 20263 marksshort answer
9. (a) Tarun and Tej were partners in a firm sharing profits and losses in the ratio of 3 : 2. On 1st April 2024, Tej had given a loan of 50,000 to the firm. The net profit of the firm before charging interest on loan was 3,75,000. The firm closes its books on 31…
   Board 20261 markMCQ
10. Tula, Ram and Madhvi were partners in a firm. The partnership deed provided for interest on partners drawings @ 12% p.a. The firm closes its books on 31st March every year. Starting from 31st December, 2025 Madhvi withdrew 40,o00 at the end of every month for …
    Board 20261 markMCQ
11. (a) Aakash and Baadal entered into partnership on 1st October, 2023 with the capitals of 80,00,000 and 60,00,000 respectively._They decided to share profits and losses equally. Partners were entitled to interest on capital @ 10% per annum as per the provisions…
    Board 20253 marksshort answer
12. Sara and Tara were partners in a firm. Their capitals as on 1st April, 2023 were 6,00,000 and 4,00,000 respectively. On 1st October, 2023, Tara withdrew 1,o0,o00 for personal use. According to the partnership deed, interest on capital was allowed @ 8% p.a. The…
    Board 20251 markMCQ
13. Page 12 of 39 16. (A) : EH$ gmPoXmar \$_© _| Z`m gmPoXma àdoe na n±yOr H$s EH$ gh_V am{e ZJX `m dñVw ê$n _| bmVm h¡ & (R) : EH$ gmPoXmar \$_© _| Z`m gmPoXma àdoe na gmPoXmar \$_© H$s n[agån{Îm`m| VWm bm^m| _| ^mJ boZo H$m A{YH$ma J«hU H$aVm h¡ & {ZåZ{b{IV _| g…
    Board 20241 markMCQ
14. (H$) _mohZ, gwhmZ VWm A{XV EH$ _| gmPoXma Wo VWm 3 : 2 : 1 Ho$ bm^-hm{Z H$m {d^mOZ H$aVo Wo & CZH$s ñWm`r ny±Or H«$_e: < 2,00,000, < 1,00,000 VWm < 1,00,000 Wr & 31 _mM©, 2023 H$mo g_mßV hþE df© _| CZHo$ ImVo _| n±yOr na ã`mO 5% dm{f©H$ Xa H$s Anojm 8% dm{f©H$…
    Board 20243 marksshort answer
15. {ddoH$ Ed§ {Zem EH$ \$_© _| gmPoXma Wo VWm 3 : 2 Ho$ AZwnmV _| bm^-hm{Z H$m {d^mOZ H$aVo Wo & 1 Aà¡b, 2022 H$mo CZH$s ny±Or : < 8,00,000 VWm < 4,00,000 Wr & 1 OwbmB©, 2022 H$mo {ddoH$ < 2,00,000 H$s A{V[aº$ n±yOr bm`m & df© Ho$ Xm¡amZ {ddoH$ H$m AmhaU < 40,000…
    Board 20241 markMCQ
16. JJJJ Page 16 22. gwYra, 2 : 2 : 1 -hm{Z H$m {d^mOZ H$aVo Wo & 31 , 2022 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm : 31 _mM©, 2022 H$mo gwYra, XrnH$ VWm ZdrZ H$m pñW{V {ddaU Xo`VmE± am{e < n[agån{Îm`m± am{e < boZXma 50,000 ^y 2,10,000 gm g§M` 1,00,000 1,90,000 G$…
    Board 20234 marksshort answer
17. JJJJ Page 13 16. (i) P, Q and R were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 1. P died on 1st September, 2022. On the date of s of the firm were calculated as < 80,000. share of profit will be adjusted by : 1 (a) Debiting Profit a…
    Board 20231 markMCQ
18. ( g p p ) 1. (A) Ram and Mohan were partners with fixed capitals of 3,00,000 and 2,00,000 respectively. As per their partnership deed, interest on capital was allowed @ 10% p.a. Net profit for the year ended 31st March, 2022 was 30,000. The amount of interest …
    Board 20231 markMCQ
19. JJJJ Page 3 1. (i) Hina and Neena are partners in a firm. Neena withdrew < 10,000 per month at the beginning of each month during the year ended 31st March, 2022. Interest on drawings was to be charged @ 6% per annum. st March, 2022 will be : 1 (a) < 3,900 (b)…
    Board 20231 markMCQ
20. JJJJ Page 10 14. 2 : 1 3 1 J¶m & AjV Zo AnZo ^mJ H$m 3 2 ^mJ A{jVm go VWm 3 1 ^mJ AZwamJ go {b¶m & A{jVm, AZwamJ VWm AjV H$m Z¶m bm^-{d^mOZ AZwnmV hmoJm : 1 (a) 3 : 2 : 4 (b) 4 : 3 : 2 (c) 2 : 1 : 1 (d) 4 : 2 : 3 JJJJ Page 11 11. in a firm sharing profits and …
    Board 20231 markMCQ

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