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Accountancy · 2026 · 1 mark

CBSE 2026 · Region 3 · Set 2 · Q16

Dharam and Karan were partners in a firm sharing profits and losses in the ratio of $\displaystyle 7$ : 3. On 1st April, $\displaystyle 2025$, they admitted Vinod as a new partner in the firm. Dharam surrendered $\displaystyle 1$/3rd of his share in favour of Vinod and Karan surrendered $\displaystyle 1$/4th of his share in favour of Vinod. The new profit sharing ratio will be :

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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.

Dharam and Karan were partners in a firm sharing profits and… — CBSE Class 12 Accountancy 2026 | SolveIt