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Accountancy · 2025 · 1 mark
Reconstitution of a Partnership Firm – Retirement/Death of a PartnerNew Profit Sharing Ratio on Retirement or Death of a Partner1 markmcq
CBSE 2025 · Region 7 · Set 1 · Q14
Hari, Chander, Prakash and Govind were partners in a firm sharing profits and losses in the ratio of 5: 3: 1: 1. On 1st April, 2024, Hari retired and…
Hari, Chander, Prakash and Govind were partners in a firm sharing profits and losses in the ratio of $\displaystyle 5$ : $\displaystyle 3$ : $\displaystyle 1$ : 1. On 1st April, $\displaystyle 2024$, Hari retired and his share was acquired equally by Chander, Prakash and Govind. The new profit sharing ratio of Chander, Prakash and Govind will be :
Official answer
(A)
$\displaystyle 7$ : $\displaystyle 4$ : $\displaystyle 4$
Marking-scheme solution
(A)
$\displaystyle 7$:$\displaystyle 4$:$\displaystyle 4$
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CBSE Class 12 Accountancy past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.