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Accountancy · 2023 · 1 mark
Reconstitution of a Partnership Firm – Admission of a PartnerRevaluation of Assets and Reassessment of Liabilities1 markvery short answer
CBSE 2023 · Region 2 · Set 1 · Q13
On admission of a new partner, the old partners share the gain or loss on revaluation of assets and reassessment of liabilities in which of the following ratio :ORAsha and Nisha were partners in a firm sharing profits and losses in the ratio $\displaystyle 3$:1. Charu was admitted as a new partner for $\displaystyle 1$/4th share in the profits of the firm which she acquired equally from Asha and Nisha. The new profit sharing ratio of Asha, Nisha and Chary will be :
OR
Asha and Nisha were partners in a firm sharing profits and losses in the ratio $\displaystyle 3$:1. Charu was admitted as a new partner for $\displaystyle 1$/4th share in the profits of the firm which she acquired equally from Asha and Nisha. The new profit sharing ratio of Asha, Nisha and Chary will be :Official answer
From CBSE’s own marking scheme for this paper.
(a) → (B)
(b) → (C)
Marking-scheme solution
(b)
In old profit sharing ratio
Or
Q.(B) Q. Asha and Nisha……………………………………
Ans. (c ) $\displaystyle 5$:$\displaystyle 1$:$\displaystyle 2$
Read the following hypothetical………………………….
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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.