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Accountancy · 2025 · 1 mark

CBSE 2025 · Region 5 · Set 1 · Q16

Ajay and Parth were partners in a firm sharing profits and losses in the ratio of $\displaystyle 2$ : 1. On 1st April, $\displaystyle 2024$, they admitted Vinod as a new partner in the firm. The new profit sharing ratio on Vinod's admission was $\displaystyle 2$ : $\displaystyle 1$ : 1. Ajay's sacrifice on Vinod's admission was :

More from Reconstitution of a Partnership Firm – Admission of a Partner

CBSE Class 12 Accountancy past-paper question from the 2025board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.

Ajay and Parth were partners in a firm sharing profits and… — CBSE Class 12 Accountancy 2025 | SolveIt