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Accountancy · 2023 · 1 mark
CBSE 2023 · Region 2 · Set 3 · Q11
A partnership firm has four partners. HOW many additional partners can be admitted into the business as per the provisions of the Companies Act, 2013?
A partnership firm has four partners. HOW many additional partners can be admitted into the business as per the provisions of the Companies Act, $\displaystyle 2013$ ?
Amit and Sumit were partners in a firm with fixed capitals of ? $\displaystyle 6{,}00{,}000$ and ₹ $\displaystyle 4{,}00{,}000$ respectively. Kavi was admitted as a new partner for $\displaystyle 1$/5th share in the profit of the firm. Kavi brought ₹ $\displaystyle 40{,}000$ as his share of goodwill premium and ₹ $\displaystyle 3{,}00{,}000$ as his capital. The amount of Goodwill premium credited to Sumit will be :
Official answer
(a) → (B)
(b) → (A)
Marking-scheme solution
(b)
$\displaystyle 46$
Or
Q. (B) Amit and Sumit…………………………………
Ans. (a) ₹$\displaystyle 20{,}000$
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CBSE Class 12 Accountancy past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.