✓ Board-verified
Accountancy · 2023 · 1 mark
Reconstitution of a Partnership Firm – Retirement/Death of a PartnerGaining Ratio1 markvery short answer
CBSE 2023 · Region 1 · Set 1 · Q8
Aman, Aadhar and Avinash were partners and sharing profits in the ratio of $\displaystyle 3$ : $\displaystyle 2$ : 1. Avinash retired from the firm on 1st July, 2022. On the date of Avinash's retirement, the Balance Sheet showed a debit balance of ₹ $\displaystyle 1,20,000$ in the Profit and Loss Account. For calculating the amount payable to Avinash, this balance will be transferred :
Official answer
From CBSE’s own marking scheme for this paper.
(B)
To the debit side of the capital accounts of Aman, Aadhar and Avinash in old profit sharing ratio
Marking-scheme solution
(b)
To the debit side of the capital accounts of Aman, Aadhar and Avinash in old profit sharing
ratio.
Practice Reconstitution of a Partnership Firm – Retirement/Death of a Partner →All Reconstitution of a Partnership Firm – Retirement/Death of a Partner questions
More from Reconstitution of a Partnership Firm – Retirement/Death of a Partner
- Saurabh, Reena and Deepak were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Saurabh…2025
- Kiran, Raveena and Hina were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. The firm…2026
- Sona, Mona and Raghav were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Raghav…2025
- Anchal, Prabhat and Karan were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. On 31st…2026
- Vimal, Bose and Ghosh were partners in a firm sharing profits and losses equally. On 1st April, 2024, Bose…2025
- Aditi, Sukriti and Niti were partners sharing profits in the ratio of 2: 2 1 1. Sukriti died on 30th June,…2024
- P, Q and R were partners in a firm sharing profits and losses in the ratio of 2:1:2. Their balance sheet on…2023
- Anmol, Badal and Cheenu were partners in a firm sharing profits and losses in the ratio of 5: 4: 3. Badal…2024
CBSE Class 12 Accountancy past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.