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Accountancy · 2023 · 1 mark
Reconstitution of a Partnership Firm – Retirement/Death of a PartnerGaining Ratio1 markvery short answer
CBSE 2023 · Region 2 · Set 2 · Q8
Gopal, Krishna and Govind were partners sharing profits and losses in the ratio of $\displaystyle 5$:$\displaystyle 4$:3. Krishna retired on 1st April, 2022. Gopal and Govind purchased his share of profit by giving him ₹ $\displaystyle 1,20$,000. ₹ $\displaystyle 80,000$ was paid by Gopal and ₹ $\displaystyle 40,000$ by Govind. Gaining ratio is :
Official answer
From CBSE’s own marking scheme for this paper.
(D)
$\displaystyle 2$ : $\displaystyle 1$
Marking-scheme solution
(d)
$\displaystyle 2$:$\displaystyle 1$
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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.