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Accountancy · 2026 · 1 mark

CBSE 2026 · Region 5 · Set 2 · Q11

John, Honey and Racob were partners in a firm sharing profits and losses equally. On 31st July, $\displaystyle 2025$ John died. His share in the profits of the firm from the date of last balance sheet till the date of his death will be :
OR
Shashi, Maya and Komal were partners in a firm sharing profits and losses in the ratio of $\displaystyle 5$ : $\displaystyle 3$ : 2. On 31st March, $\displaystyle 2025$ Komal retired. The new profit sharing ratio between Shashi and Maya was decided as $\displaystyle 3$ : 5. The gain or sacrifice of Shashi and Maya on Komal's retirement was : $\displaystyle 13$ $\displaystyle 1$ .

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