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Accountancy · 2024 · 1 mark
Reconstitution of a Partnership Firm – Admission of a PartnerNew Profit Sharing Ratio on Admission of a Partner1 markmcq
CBSE 2024 · Region 1 · Set 1 · Q1
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 partner for 1/5th share…
Atul, Beena and Sita were partners in a firm sharing profits and losses in the ratio of $\displaystyle 8$ : $\displaystyle 7$ : 5. Damini was admitted as a new partner for $\displaystyle 1$/5th share in the profits which she acquired entirely from Atul. The new profit sharing ratio after Damini's admission will be :
Rushil and Abheer were partners in a firm sharing profits and losses in the ratio of $\displaystyle 4$ : 3. They admitted Sunil as a new partner for $\displaystyle 3$/7th share in the profits of firm, which he acquired $\displaystyle 2$/7th share from Rushil and $\displaystyle 1$/7th share from Abheer. The new profit sharing ratio of Rushil, Abheer and Sunil will be :
Official answer
(a) → (B)
(b) → (C)
Marking-scheme solution
(B)
$\displaystyle 4$:$\displaystyle 7$:$\displaystyle 5$:$\displaystyle 4$
OR
Q. Rushil and Abheer were partners in a firm….
Ans. (C) $\displaystyle 2$:$\displaystyle 2$:$\displaystyle 3$
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CBSE Class 12 Accountancy past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.