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Accountancy · 2025 · 1 mark
Reconstitution of a Partnership Firm – Admission of a PartnerChange in Profit Sharing Ratio among the Existing Partners1 markmcq
CBSE 2025 · Region 1 · Set 1 · Q8
Misha, Sarita and Isha were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. With effect from 1st April 2024, they decided that…
Misha, Sarita and Isha were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : $\displaystyle 2$ : 1. With effect from 1st April $\displaystyle 2024$, they decided that they will share profits and losses equally. The gain or sacrifice by the partners due to change in profit sharing ratio will be :
Sia, Tisha and Aryan were partners sharing profits and losses in the ratio of $\displaystyle 4$ : $\displaystyle 7$ : 1. The firm closes its books on 31st March every year. Tisha died on 1st July, 2024. Sia and Aryan will acquire Tisha's share in which of the following ratio ?
Official answer
(a) → (A)
(b) → (B)
Marking-scheme solution
(A)
Misha's sacrifice $\displaystyle 1$/$\displaystyle 6$, Isha's gain $\displaystyle 1$/$\displaystyle 6$
OR
Q. (b) Sia, Tisha and Aryan were partners sharing…
Ans. (B) $\displaystyle 4$:$\displaystyle 1$
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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.