SolveItNCERT · CBSE Boards
✓ Board-verified
Accountancy · 2025 · 1 mark

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 :
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 :

More from Reconstitution of a Partnership Firm – Retirement/Death of a Partner

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.