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Accountancy · 2026 · 1 mark
Reconstitution of a Partnership Firm – Admission of a PartnerSacrificing Ratio1 markassertion reason
CBSE 2026 · Region 5 · Set 3 · Q10
There are two statements Assertion (A) and Reason (R) : Assertion (A) : At the time of admission of a new partner in a partnership firm, the newly admitted partner brings an agreed amount of capital either in cash or in kind. Reason (R) : On admission, the new partner gets the right to acquire share in the assets and profits of the partnership firm. Choose the correct option from the following :
Official answer
From CBSE’s own marking scheme for this paper.
(A)
Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
Marking-scheme solution
(A)
Both Assertion(A) and Reason (R) are correct, and Reason (R) is the correct
explanation of Assertion(A).
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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.