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Accountancy · 2023 · 1 mark

CBSE 2023 · Region 5 · Set 1 · Q1

Yuvraj and Yogesh were partners in a firm sharing profits in the ratio of 2: 1. They admitted Yogita as a new partner for 1/5th share in future…

Yuvraj and Yogesh were partners in a firm sharing profits in the ratio of $\displaystyle 2$ : 1. They admitted Yogita as a new partner for $\displaystyle 1$/5th share in future profits. Capital of Yuvraj and Yogesh were ₹ $\displaystyle 4,50,000$ and ? $\displaystyle 1,50,000$ respectively. Yogita brought ₹ $\displaystyle 2,50,000$ as her capital. The value of goodwill of the firm on Yogita's admission was :
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CBSE Class 12 Accountancy past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.