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Accountancy · 2025 · 1 mark
Reconstitution of a Partnership Firm – Retirement/Death of a PartnerAscertaining the Amount Due to Retiring/Deceased Partner1 markmcq
CBSE 2025 · Region 2 · Set 2 · Q13
shan, Jatin and Kapil were partners in a firm sharing profits and losses in the ratio of $\displaystyle 5$ : $\displaystyle 4$ : 1. Jatin retired and his share was taken up by shan and Kapil in the ratio $\displaystyle 1$ : 1. The new profit-sharing ratio between shan and Kapil after Jatin's retirement will be :ORSakshi, Kiara and Gunjan were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : $\displaystyle 2$ : 1. Kiara retired on $\displaystyle 1$-$\displaystyle 4$-2023. After all adjustments the amount due to Kiara was ₹ $\displaystyle 5,00$,000. The payment was to be made in two yearly instalments of ₹ $\displaystyle 2,50,000$ each plus interest @ $\displaystyle 10$% per annum on the unpaid balance. The amount of first installment paid on $\displaystyle 31$-$\displaystyle 03$-$\displaystyle 2024$ will be :
OR
Sakshi, Kiara and Gunjan were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : $\displaystyle 2$ : 1. Kiara retired on $\displaystyle 1$-$\displaystyle 4$-2023. After all adjustments the amount due to Kiara was ₹ $\displaystyle 5,00$,000. The payment was to be made in two yearly instalments of ₹ $\displaystyle 2,50,000$ each plus interest @ $\displaystyle 10$% per annum on the unpaid balance. The amount of first installment paid on $\displaystyle 31$-$\displaystyle 03$-$\displaystyle 2024$ will be :Official answer
From CBSE’s own marking scheme for this paper.
(a) → (D)
(b) → (A)
Marking-scheme solution
(D)
$\displaystyle 7$:$\displaystyle 3$
Q. (b) Sakshi, Kiara and Gunjan….
Ans. (A) ₹$\displaystyle 3,00,000$
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CBSE Class 12 Accountancy past-paper question from the 2025board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.