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Accountancy · 2022 · 2 marks

CBSE 2022 · Region 1 · Set 3 · Q3

X, Y and Z were partners in a firm sharing profit and losses in the ratio of 5: 3: 2. Y retired from the Firm and X and Z decided to share future…

X, Y and Z were partners in a firm sharing profit and losses in the ratio of $\displaystyle 5$ : $\displaystyle 3$ : 2. Y retired from the Firm and X and Z decided to share future profits in the ratio of $\displaystyle 3$ : 2. Calculate the Gain/Sacrifice of X and Z.
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CBSE Class 12 Accountancy past-paper question from the 2022 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.