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Accountancy · 2024 · 1 mark
Reconstitution of a Partnership Firm – Retirement/Death of a PartnerDisposal of Amount Due to Retiring Partner1 markmcq
CBSE 2024 · Region 4 · Set 2 · Q2
Riva, Rita and Renu were partners in a firm. On 31st March, $\displaystyle 2023$ Renu retired. The amount payable to Renu ₹ $\displaystyle 2,17,000$ was transferred to her loan account. Renu agreed to receive interest on this amount as per the provisions of Partnership Act, 1932. The rate at which interest would be paid to Renu is :ORRavi, Vani and Toni were equal partners in a firm. After the retirement of Vani, the capital balances of Ravi and Toni were ₹ $\displaystyle 1,56,000$ and ₹ $\displaystyle 1,08,000$ respectively. The new capital of the firm was determined at ₹ $\displaystyle 2,80$,000. It was decided that the capital will be in proportion of the profit sharing ratio of the remaining partners. Toni will bring for deficiency of his new capital.
OR
Ravi, Vani and Toni were equal partners in a firm. After the retirement of Vani, the capital balances of Ravi and Toni were ₹ $\displaystyle 1,56,000$ and ₹ $\displaystyle 1,08,000$ respectively. The new capital of the firm was determined at ₹ $\displaystyle 2,80$,000. It was decided that the capital will be in proportion of the profit sharing ratio of the remaining partners. Toni will bring for deficiency of his new capital.Official answer
From CBSE’s own marking scheme for this paper.
(a) → (B)
(b) → (D)
Marking-scheme solution
(B)
$\displaystyle 6$% p.a.
Or
Q. (b) Ravi, Vani and …………………………………
Ans. (D) ₹$\displaystyle 32,000$
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CBSE Class 12 Accountancy past-paper question from the 2024board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.