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Accountancy · 2023 · 1 mark
Reconstitution of a Partnership Firm – Retirement/Death of a PartnerDeath of a Partner1 markvery short answer
CBSE 2023 · Region 1 · Set 3 · Q11
P, Q and R were partners in a firm sharing profits and losses in the ratio of $\displaystyle 4$ : $\displaystyle 3$ : 1. P died on 1st September, 2022. On the date of P's death, the profit s of the firm were calculated as ₹ $\displaystyle 80$,000. P's share of profit will be adjusted by :ORPooja, Nita and Anita were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : $\displaystyle 2$ : 1. Pooja retired and her share is taken up by Nita and Anita equally. The new profit sharing ratio of Nita and Anita will be :
OR
Pooja, Nita and Anita were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : $\displaystyle 2$ : 1. Pooja retired and her share is taken up by Nita and Anita equally. The new profit sharing ratio of Nita and Anita will be :Official answer
From CBSE’s own marking scheme for this paper.
(a) → (D)
(b) → (B)
Marking-scheme solution
(d)
Debiting Profit and Loss Suspense Account with `$\displaystyle 40,000$
Q. (ii) Pooja, Nita and Anita…………….
Ans (b) $\displaystyle 7$: $\displaystyle 5$
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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.