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Accountancy · 2025 · 1 mark
Reconstitution of a Partnership Firm – Admission of a PartnerChange in Profit Sharing Ratio among the Existing Partners1 markmcq
CBSE 2025 · Region 5 · Set 3 · Q5
A, B and C were partners in a firm sharing profits and losses in the ratio of 8: 5: 3. It was decided that with effect from 1st April, 2024, profits…
A, B and C were partners in a firm sharing profits and losses in the ratio of $\displaystyle 8$ : $\displaystyle 5$ : 3. It was decided that with effect from 1st April, $\displaystyle 2024$, profits and losses will be shared in the ratio of $\displaystyle 6$ : $\displaystyle 5$ : 5. Due to change in the profit sharing ratio, A's gain or sacrifice will be :
Official answer
(C)
$\displaystyle 1$/$\displaystyle 8$ sacrifice
Marking-scheme solution
(C)
$\displaystyle 1$/$\displaystyle 8$ sacrifice
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CBSE Class 12 Accountancy past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.