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Accountancy · 2023 · 1 mark
CBSE 2023 · Region 3 · Set 3 · Q16
Mehak and Chehak were partners with capitals of ₹ $\displaystyle 40,000$ each. They admitted Aadi as a new partner for $\displaystyle 1$/$\displaystyle 5$ share in the profits of the firm. Aadi brought ₹ $\displaystyle 80,000$ as his capital. On Aadi's admission, the Profit and Loss Account of the firm showed a debit balance of ₹ $\displaystyle 10$,000. Value of goodwill of the firm on Aadi's admission will be :
Official answer
From CBSE’s own marking scheme for this paper.
(A)
₹ $\displaystyle 2,50,000$
Marking-scheme solution
(a)
₹$\displaystyle 2,50,000$
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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.