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Accountancy · 2026 · 1 mark
Reconstitution of a Partnership Firm – Retirement/Death of a PartnerAdjustment of Accumulated Profits and Losses1 markmcq
CBSE 2026 · Region 4 · Set 3 · Q13
Ravi, Sunil and Amit were partners in a firm sharing profits and losses in the ratio of $\displaystyle 4$ : $\displaystyle 3$ : 5. On 1st April, $\displaystyle 2025$, Ravi retired. Sunil and Amit decided to share future profits in the ratio of $\displaystyle 2$ : 3. After all adjustments with respect to general reserve, goodwill and revaluation, etc., the balances in the capital accounts of Ravi, Sunil and Amit stood at $\displaystyle 3,00,000$; ₹ $\displaystyle 2,40,000$ and ₹ $\displaystyle 3,60,000$ respectively. It was decided that the amount payable to Ravi will be brought by Sunil and Amit in such a way so as to make their capitals proportionate to their new profit sharing ratio. The amount brought in by Sunil and Amit will be :
Official answer
From CBSE’s own marking scheme for this paper.
(B)
Sunil ₹ $\displaystyle 1,20,000$, Amit ₹ $\displaystyle 1,80,000$
Marking-scheme solution
(B)
Sunil ₹ $\displaystyle 1,20,000$ , Amit ₹ $\displaystyle 1,80,000$
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CBSE Class 12 Accountancy past-paper question from the 2026board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.