✓ Board-verified
Accountancy · 2025 · 1 mark
Reconstitution of a Partnership Firm – Admission of a PartnerRevaluation of Assets and Reassessment of Liabilities1 markmcq
CBSE 2025 · Region 7 · Set 1 · Q4
Nandan and Abhinandan were partners in a firm. They admitted Govindan as a new partner for 1/3rd share in the profits. On Govindan's admission, the…
Nandan and Abhinandan were partners in a firm. They admitted Govindan as a new partner for $\displaystyle 1$/3rd share in the profits. On Govindan's admission, the Balance Sheet of the firm showed sundry debtors at ₹ $\displaystyle 3,00,000$ and a provision for bad debts at ₹ $\displaystyle 24$,000. It was decided to maintain the provision for bad debts at $\displaystyle 10$% of the debtors. Which of the following journal entries will show the correct accounting treatment for the above transactions ? Journal Dr. Amount Cr. Amount Particulars ( ) ( )
Official answer
(B)
Revaluation A/c Dr. $\displaystyle 6,000$ To Provision for Bad Debts $\displaystyle 6,000$
Marking-scheme solution
Journal
Particulars Dr. Amount Cr. Amount
(₹) (₹)
(B) Revaluation A/c Dr. $\displaystyle 6,000$
To Provision for Bad Debts $\displaystyle 6,000$
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.