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Accountancy · 2023 · 1 mark
Reconstitution of a Partnership Firm – Retirement/Death of a PartnerTreatment of Goodwill1 markvery short answer
CBSE 2023 · Region 1 · Set 1 · Q9
Nidhi, Kunal and Kabir are partners in a firm sharing profits in the ratio of $\displaystyle 2$ : $\displaystyle 1$ : 2. Kunal retired and the balance in his capital account after making necessary adjustments on account of reserves, revaluation of assets and reassessment of liabilities was ₹ $\displaystyle 80$,000. Nidhi and Kabir agreed to pay him ₹ $\displaystyle 1,00,000$ in full settlement of his claim. Kunal's share of goodwill of the firm, on his retirement was :
Official answer
From CBSE’s own marking scheme for this paper.
(B)
₹ $\displaystyle 20,000$
Marking-scheme solution
(b)
`$\displaystyle 20,000$
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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.