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Accountancy · 2023 · 1 mark
CBSE 2023 · Region 2 · Set 3 · Q3
Rohit and Mohit were partners sharing profits and losses in the ratio of $\displaystyle 2$:1. Their capital accounts as on $\displaystyle 31.3.2021$ had a credit balance of ₹ $\displaystyle 1,09,000$ and ₹ $\displaystyle 66,000$ respectively. They admitted Sahil as a new partner on 1st April, $\displaystyle 2021$ for $\displaystyle 1$/5th share in profits. Sahil brought ₹ $\displaystyle 25,000$ as his share of goodwill premium. He agreed to contribute capital in new profit-sharing ratio. The amount of capital brought by Sahil was :
Official answer
From CBSE’s own marking scheme for this paper.
(D)
₹ $\displaystyle 50,000$
Marking-scheme solution
(d)
₹$\displaystyle 50,000$
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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.