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Accountancy · 2026 · 3 marks
Reconstitution of a Partnership Firm – Retirement/Death of a PartnerDeath of a Partner3 marksshort answer
CBSE 2026 · Region 3 · Set 3 · Q17
Tanvi, Manvi and Noori were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 1st April, 2025, their capitals were 8,00,000;…
Tanvi, Manvi and Noori were partners in a firm sharing profits and losses in the ratio of $\displaystyle 5$ : $\displaystyle 3$ : 2. On 1st April, $\displaystyle 2025$, their capitals were $\displaystyle 8,00,000$; ₹ $\displaystyle 6,00,000$ and ₹ $\displaystyle 4,00,000$ respectively. The firm closes its books on 31st March every year. Tanvi died on 30th September, 2025. The partnership deed provides that in the event of death of a partner, his/her legal representatives will be entitled to the following : (i) Interest on capital @ $\displaystyle 9$% p.a. (ii) Her share in the profits of the firm till the date of her death. Till 30th September, $\displaystyle 2025$ Tanvi had withdrawn ₹ $\displaystyle 1,00,000$ for personal use and interest on drawings @ $\displaystyle 12$% p.a. is to be charged. Her share in the profits of the firm was calculated on the basis of last year's profit. Last year's profit amounted to ₹ $\displaystyle 3,60$,000. Prepare Tar vi's Capital Account to be pre sented to her legal representatives.
Marking-scheme solution
Dr. Tanvi’s Capital A/c Cr.
Date Particulars Amount Date Particulars Amount
(₹) (₹)
$\displaystyle 2025$ $\displaystyle 2025$
Sep $\displaystyle 30$ To Drawings A/c $\displaystyle 1,00,000$ April $\displaystyle 1$ By Balance b/d $\displaystyle 8,00,000$
Sep $\displaystyle 30$ To Interest on Sep $\displaystyle 30$ By Interest on
Drawings A/c $\displaystyle 3,000$ Capital A/c $\displaystyle 36,000$
Sep $\displaystyle 30$ To Tanvi’s Legal Sep $\displaystyle 30$ By P&L Suspense A/c $\displaystyle 90,000$
Representatives
/Executors A/c $\displaystyle 8,23,000$
$\displaystyle 9,26,000$ $\displaystyle 9,26,000$
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CBSE Class 12 Accountancy past-paper question from the 2026 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.