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Accountancy · 2026 · 1 mark
Reconstitution of a Partnership Firm – Admission of a PartnerChange in Profit Sharing Ratio among the Existing Partners1 markmcq
CBSE 2026 · Region 3 · Set 3 · Q16
Chaman, Raman and Suman were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. With effect from 1st April, 2025, they decided to…
Chaman, Raman and Suman were partners in a firm sharing profits and losses in the ratio of $\displaystyle 5$ : $\displaystyle 3$ : 2. With effect from 1st April, $\displaystyle 2025$, they decided to share the future profits in the ratio of $\displaystyle 2$ : $\displaystyle 3$ : 5. For this purpose, it was agreed that the goodwill of the firm be valued at ₹ $\displaystyle 1,00$,000. The treatment of goodwill without opening goodwill account will be :
Official answer
(B)
Debit Suman's Capital A/c by ₹ $\displaystyle 30,000$ and Credit Chaman's Capital A/c by ₹ $\displaystyle 30,000$
Marking-scheme solution
(B)
Debit Suman’s Capital Account by ₹$\displaystyle 30,000$ and Credit Chaman’s Capital A/c by
₹$\displaystyle 30,000$
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CBSE Class 12 Accountancy past-paper question from the 2026 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.