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Accountancy · 2025 · 1 mark

CBSE 2025 · Region 4 · Set 1 · Q15

Tavish, Umesh and Varun were partners in a firm sharing profits and losses in the ratio of $\displaystyle 4$ : $\displaystyle 3$ : 2. Tavish retired. Umesh and Varun decided to share profits and losses in future in the ratio of $\displaystyle 5$ : 3. The gaining share of Umesh will be :
OR
Asit, Sonu and Hina were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : $\displaystyle 2$ : 1. Asit retired and the balance in his capital account after making necessary adjustments on account of reserves and revaluation of assets and liabilities was ₹ $\displaystyle 40,00$,000. Sonu and Hina agreed to pay him ₹ $\displaystyle 45,00,000$ in full settlement of his claim. The value of goodwill of the firm was :

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.