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Accountancy · 2024 · 1 mark
Reconstitution of a Partnership Firm – Admission of a PartnerChange in Profit Sharing Ratio among the Existing Partners1 markmcq
CBSE 2024 · Region 2 · Set 1 · Q5
Bhim, Arjun and Nakul were partners in a firm sharing profits and losses in the ratio of 4: 3: 3. With effect from 1st April, 2023, they agreed to…
Bhim, Arjun and Nakul were partners in a firm sharing profits and losses in the ratio of $\displaystyle 4$ : $\displaystyle 3$ : 3. With effect from 1st April, $\displaystyle 2023$, they agreed to share profits equally. Due to change in the profit sharing ratio, Arjun's gain or sacrifice will be :
Neeru and Meetu are partners in a firm with capitals of ₹ $\displaystyle 2,00,000$ and ₹ $\displaystyle 1,50,000$ respectively. If the firm earned a profit of ₹ $\displaystyle 17,500$ for the year ended 31st March, $\displaystyle 2023$, then interest on capital @ $\displaystyle 10$% p.a. would be :
Official answer
(a) → (B)
(b) → (D)
Marking-scheme solution
(B)
Gain $\displaystyle 1$/$\displaystyle 30$
OR
Q.(ii) Neeru and Meetu are partners.....................
Ans. (D) Neeru ₹$\displaystyle 10,000$; Meetu ₹$\displaystyle 7,500$
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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.