CBSE 2026 · Region 2 · Set 2 · Q16

Zubin, Nidhi and Reena were partners in a firm sharing profits and losses in the ratio of $\displaystyle 2$:$\displaystyle 1$:2. The firm closes its books on 31st March every year. On 31st July, $\displaystyle 2025$ Reena died. Her share in the profits of the firm from the last balance sheet till the date of death was to be calculated on the basis of previous year's profit. The profit of the firm for the year ended 31st March, $\displaystyle 2025$ was ₹ $\displaystyle 6,00$,000. Reena's share of profit till the date of her death was :

OR

On the dissolution of the partnership firm of Puneet and Binny, an unrecorded asset of ₹ $\displaystyle 56,000$ was given to an unrecorded creditor of ₹ $\displaystyle 70,000$ in settlement of his claim of ₹ $\displaystyle 50,000$ and the balance was paid to him in cash. Realisation Account will be by .