CBSE Class 12 Accountancy Question Paper 2024 Solved

PART A

(Accounting for Partnership Firms and Companies)

1. (a) Atul, Beena and Sita were partners in a firm sharing profits and losses in the ratio of 8 : 7 : 5. Damini was admitted as a new partner for 1/5th share in the profits which she acquired entirely from atul. The new profit sharing ratio after damini's  admission will be :
(A) 7 : 7 : 5 : 1
(B) 4 : 7 : 5 : 4
(C) 8 : 7 : 5 : 4
(D) 7 : 5 : 8 : 4
                    ​​​​​​​          ​​​​​​​          ​​​​​​​          ​​​​​​​          ​​​​​​​          ​​​​​​​          ​​​​​​​          OR
(b) Rushil and Abheer were partners in a firm sharing profits and losses in the ratio of 4 : 3. They admitted Sunil as a new partner for 3/7th share in the profits of firm, which he acquired 2/7th share from Rushil and 1/7th share from Abheer. The new profit sharing ratio of Rushil, Abheer and Sunil will be :
(A) 4 : 3 : 3
(B) 2 : 1 : 3
(C) 2 : 2 : 3
(D) 4 : 3 : 1

Answer : b

Answer : c

2. Abhay, Boris and Chetan were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Boris was guaranteed a profit of ₹ 95,000. Any deficiency on account of this was to be borne by Abhay and Chetan equally. The firm earned a profit of ₹ 2,00,000 for the year ended 31st March, 2023.
The amount given by Abhay to Boris as guaranteed amount will be :
(A) ₹ 17,500
(B) ₹ 35,000
(C) ₹ 25,000
(D) ₹ 10,000

Answer : a

3. Aavya, Mitansh and Praveen were partners in a firm. On 31st March, 2023, the firm was dissolved. Creditors took over furniture of book value of ₹ 50,000 at ₹ 45,000 in part settlement of their amount of ₹ 60,000. The balance amount was paid to them through cheque. The amount paid through cheque will be : 
(A) ₹ 10,000
(B) ₹ 50,000
(C) ₹ 45,000
(D) ₹ 15,000

Answer : d

4. Piyush, Rajesh and Avinash were partners in a firm sharing profits and losses equally. Shiva was admitted as a new partner for an equal share. 
Shiva brought his share of capital and premium for goodwill in cash. The premium for goodwill amount will be divided among :
(A) Old partners in old ratio
(B) New partners in new ratio
(C) New partners in sacrificing ratio
(D) Old partners in sacrificing ratio

Answer : a

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