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Accountancy · 2025 · 1 mark
Reconstitution of a Partnership Firm – Retirement/Death of a PartnerNew Profit Sharing Ratio on Retirement or Death of a Partner1 markmcq
CBSE 2025 · Region 1 · Set 2 · Q14
Vishesh, Manik and Amit were partners in a firm sharing profits and losses in the ratio of 5: 4: 1. Amit retired on 31 March, 2024. Vishesh and Manik…
Vishesh, Manik and Amit were partners in a firm sharing profits and losses in the ratio of $\displaystyle 5$ : $\displaystyle 4$ : 1. Amit retired on $\displaystyle 31$ March, 2024. Vishesh and Manik acquired Amit's share in the ratio of $\displaystyle 2$ : 3. The new profit sharing ratio between Vishesh and Manik after Amit's retirement will be :
Varsha, Aryan and Nimit were partners in a firm sharing profits and losses in the ratio of $\displaystyle 2$ : $\displaystyle 2$ : 1. Varsha retired and surrendered $\displaystyle 1$/3I'd of her share in favour of Aryan and the remaining share in favour of Nimit. The new profit sharing ratio between Aryan and Nimit will be :
Official answer
(a) → (D)
(b) → (B)
Marking-scheme solution
(D)
$\displaystyle 27$:$\displaystyle 23$
OR
Q. (b) Varsha, Aryan and Nimit…….
Ans. (B) $\displaystyle 8$:$\displaystyle 7$
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CBSE Class 12 Accountancy past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.