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Accountancy · 2023 · 1 mark
Reconstitution of a Partnership Firm – Admission of a PartnerAdjustment of Capitals1 markvery short answer
CBSE 2023 · Region 3 · Set 1 · Q11
Vikram and Sumit were partners in a firm sharing profits and losses in the ratio of $\displaystyle 2$ : 1. The capitals of Vikram and Sumit after all adjustments were ₹ $\displaystyle 50,000$ and ₹ $\displaystyle 40,000$ respectively. They admitted Jayant as a partner for $\displaystyle 1$/$\displaystyle 3$ share in the profits of the firm. Jayant brought proportionate capital in the firm. The amount of capital brought in by Jayant was :
Official answer
From CBSE’s own marking scheme for this paper.
(A)
₹ $\displaystyle 45,000$
Marking-scheme solution
(a)
₹$\displaystyle 45,000$
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CBSE Class 12 Accountancy past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.