SolveItNCERT · CBSE Boards
✓ Board-verified
Accountancy · 2025 · 1 mark

CBSE 2025 · Region 2 · Set 3 · Q6

Kajal and Laura were partners in a firm sharing profits and losses in the 1th ratio of $\displaystyle 5$ : 3. They admitted Maddy for - share in future profits. Maddy $\displaystyle 4$ brought ₹ $\displaystyle 8,00,000$ as his capital and ₹ $\displaystyle 4,00,000$ as his share of premium for goodwill. Kajal, Laura and Maddy decided to share profits in future in the ratio of $\displaystyle 2$ : $\displaystyle 1$ : 1. After all adjustments in respect of goodwill, revaluation of assets and liabilities etc. Kajal's capital was ₹ $\displaystyle 15,00,000$ and Laura's capital was ₹ $\displaystyle 8,00$,000. It was agreed that partners' capitals should be in proportion to their new profit sharing ratio taking Maddy's capital as base. The adjustment was made by bringing in or withdrawing the necessary cash as the case may be. The cash brought in by Kajal was :

More from Reconstitution of a Partnership Firm – Admission of a Partner

CBSE Class 12 Accountancy past-paper question from the 2025board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.