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Accountancy · 2023 · 1 mark
Reconstitution of a Partnership Firm – Admission of a PartnerChange in Profit Sharing Ratio among the Existing Partners1 markmcq
CBSE 2023 · Region 3 · Set 1 · Q13
Isha and Naman were partners in a firm sharing profits and losses in the ratio of 2: 3. With effect from 1st April, 2022 they agreed to share profits…
Isha and Naman were partners in a firm sharing profits and losses in the ratio of $\displaystyle 2$ : 3. With effect from 1st April, $\displaystyle 2022$ they agreed to share profits and losses equally. Due to change in the profit sharing ratio, Isha's gain or sacrifice will be :
Official answer
(B)
Gain $\displaystyle 1$/$\displaystyle 10$
Marking-scheme solution
(b)
Gain $\displaystyle 1$/$\displaystyle 10$
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CBSE Class 12 Accountancy past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.