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Accountancy · 2025 · 1 mark
Reconstitution of a Partnership Firm – Retirement/Death of a PartnerAdjustment for Revaluation of Assets and Liabilities1 markmcq
CBSE 2025 · Region 1 · Set 3 · Q10
Ashmit, Verna and Rohan were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : $\displaystyle 2$ : l. Veena retired on 3lS* March, 2024. The capital accounts of Ashmit, Veena and Rohan showed a credit balance of ₹ $\displaystyle 2,00,000$, ₹ $\displaystyle 1,80,000$ and ₹ $\displaystyle 1,20,000$ respectively after making all adjustments relating to revaluation, goodwill, reserves etc. Veena was paid in cash brought in by Ashmit and Rohan in such a way that their capitals were in proportion to their new profit sharing ratio. The new capitals of Ashmit and Rohan will be :
Official answer
From CBSE’s own marking scheme for this paper.
(A)
Ashmit ₹ $\displaystyle 3,75,000$ and Rohan ₹ $\displaystyle 1,25,000$
Marking-scheme solution
(A)
Ashmit ₹$\displaystyle 3,75,000$ and Rohan ₹$\displaystyle 1,25,000$
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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.