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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 2 · Q14
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
From CBSE’s own marking scheme for this paper.
(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 $\displaystyle 6,000$
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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.