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Accountancy · 2026 · 1 mark
Reconstitution of a Partnership Firm – Admission of a PartnerRevaluation of Assets and Reassessment of Liabilities1 markmcq
CBSE 2026 · Region 5 · Set 1 · Q11
Sujata and Laxmi were partners in a firm sharing profits and losses in the ratio of $\displaystyle 2$ : 1. On 1st April, $\displaystyle 2025$, they admitted Raghu as a new partner for $\displaystyle 1$/5th share in the profits of the firm. On the date of Raghu's admission, it was found that the equipment is undervalued by ₹ $\displaystyle 90$,000. After revaluation, the Balance Sheet of Sujata, Laxmi and Raghu showed equipment at $\displaystyle 3,00$,000. The value of equipment shown in the books of the firm of Sujata and Lax mi before Raghu's admission was :
Official answer
From CBSE’s own marking scheme for this paper.
(B)
₹ $\displaystyle 2,10,000$
Marking-scheme solution
(B)
₹ $\displaystyle 2,10,000$
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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.