✓ Board-verified
Accountancy · 2025 · 1 mark
CBSE 2025 · Region 5 · Set 3 · Q11
John and Harry were partners in a firm sharing profits and losses in the ratio of 2: 1. On 1st April, 2023, they admitted Dinesh as a new partner 1…
John and Harry were partners in a firm sharing profits and losses in the ratio of $\displaystyle 2$ : 1. On 1st April, $\displaystyle 2023$, they admitted Dinesh as a new partner $\displaystyle 1$ for th share in the profits of the firm with a guarantee that his share in the profits shall be at least ₹ $\displaystyle 1,00$,000. The net profit of the firm for the year ended 31st March, $\displaystyle 2024$ was ₹ $\displaystyle 2,80,000$ . John's share in the profits of the firm after giving the guaranteed amount of profit to Dinesh will be :
Official answer
(B)
₹ $\displaystyle 1,20,000$
Marking-scheme solution
(B)
₹$\displaystyle 1,20,000$
All Reconstitution of a Partnership Firm – Admission of a Partner questions2025 question paperPractice Reconstitution of a Partnership Firm – Admission of a Partner →
More from Reconstitution of a Partnership Firm – Admission of a Partner
- Asha and Indra were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet on 31st March, 2025 was as following:…2026
- Devki and Neena were partners in a firm sharing profits and losses in the ratio of 4:3. Amar was admitted as a new partner for 1/5 h share in the…2026
- Alex, Benn and Cole were partners in a firm sharing profits and losses in 1th the ratio of 5: 3: 2. They admitted Dona as a new partner for share 5…2024
- Sanjay and Vijay were partners in a firm sharing profits and losses in the ratio of 4: 3. On 1st April, 2025 they admitted Babul as a new nth...,..…2026
- The goodwill of a firm was valued on the basis of 3 years purchase of average profits for the last four years. The profits of last four years ending…2023
- Mansi and Uma were partners in a firm and their capitals were 4,00,000 and ₹ 2,00,000 respectively. Normal rate of return in a similar business was…2026
- Atul, Beena and Sita were partners in a firm sharing profits and losses in the ratio of 8: 7: 5. Damini was admitted as a new 1th partner for share…2024
- Bhawana and Vedika were partners in a firm sharing profits and losses in the ratio of 5: 4. From 1st April, 2024 they decided to share future profits…2025
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.