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Accountancy · 2026 · 1 mark
Reconstitution of a Partnership Firm – Retirement/Death of a PartnerDeath of a Partner1 markassertion reason
CBSE 2026 · Region 2 · Set 1 · Q14
Assertion (A) . . The retiring partner or the executors of the deceased partner are entitled to their share of goodwill at the time of retirement or death. Reason (R) : Goodwill is earned by the firm with the efforts of all the existing partners (including the retiring or deceased partner). Choose the correct option from the following :
Official answer
From CBSE’s own marking scheme for this paper.
(A)
Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
Marking-scheme solution
(A)
Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct
explanation of Assertion (A)
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CBSE Class 12 Accountancy past-paper question from the 2026board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.