✓ Board-verified
Accountancy · 2023 · 1 mark
CBSE 2023 · Region 3 · Set 2 · Q16
Aditi and Bobby were partners with capitals of ₹ 30,000 each. They 1 share in the profits of the firm. admitted Chetan as a new partner for 4 48,000…
Aditi and Bobby were partners with capitals of ₹ $\displaystyle 30,000$ each. They $\displaystyle 1$ share in the profits of the firm. admitted Chetan as a new partner for $\displaystyle 4$ $\displaystyle 48,000$ as his capital. On Chetan's admission, the Chetan brought < Profit and Loss Account of the firm showed a credit balance of ₹ $\displaystyle 24$,000. Value of goodwill of the firm on Chetan's admission will be :
Official answer
(B)
₹ $\displaystyle 60,000$
Marking-scheme solution
(b)
₹ $\displaystyle 60,000$
All Reconstitution of a Partnership Firm – Admission of a Partner questions2023 question paperPractice Reconstitution of a Partnership Firm – Admission of a Partner →
More from Reconstitution of a Partnership Firm – Admission of a Partner
- Asha and Indra were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet on 31st March, 2025 was as following:…2026
- Devki and Neena were partners in a firm sharing profits and losses in the ratio of 4:3. Amar was admitted as a new partner for 1/5 h share in the…2026
- Alex, Benn and Cole were partners in a firm sharing profits and losses in 1th the ratio of 5: 3: 2. They admitted Dona as a new partner for share 5…2024
- Sanjay and Vijay were partners in a firm sharing profits and losses in the ratio of 4: 3. On 1st April, 2025 they admitted Babul as a new nth...,..…2026
- The goodwill of a firm was valued on the basis of 3 years purchase of average profits for the last four years. The profits of last four years ending…2023
- Mansi and Uma were partners in a firm and their capitals were 4,00,000 and ₹ 2,00,000 respectively. Normal rate of return in a similar business was…2026
- Atul, Beena and Sita were partners in a firm sharing profits and losses in the ratio of 8: 7: 5. Damini was admitted as a new 1th partner for share…2024
- Bhawana and Vedika were partners in a firm sharing profits and losses in the ratio of 5: 4. From 1st April, 2024 they decided to share future profits…2025
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.