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Accountancy · 2023 · 1 mark
Reconstitution of a Partnership Firm – Retirement/Death of a PartnerTreatment of Goodwill1 markvery short answer
CBSE 2023 · Region 1 · Set 3 · Q9
Gaurav, Sonu and Anita are partners in a firm sharing profits in the ratio of $\displaystyle 4$ : $\displaystyle 3$ : 2. Sonu retires and the balance in his capital account after making necessary adjustments on account of reserves, revaluation of assets and re - assessment of liabilities is ₹ $\displaystyle 4,00$,000. Gaurav and Anita agreed to pay him ₹ $\displaystyle 4,60,000$ in full settlement of his claim. Sonu's share of goodwill of the firm, on his retirement is :
Official answer
From CBSE’s own marking scheme for this paper.
(B)
₹ $\displaystyle 60,000$
Marking-scheme solution
(b)
`$\displaystyle 60,000$
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CBSE Class 12 Accountancy past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.