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Raghav and Sahil… (Class 12 Accountancy SQP 2025-26, Q10b)

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AccountancyCBSE Class 12 · Sample paper, session 2025-26 · 1 mark · MCQ

CBSE Class 12 Accountancy sample paper 2025-26: question 10(b)

From the official CBSE sample question paper for 2025-26, section A, question 10(b), for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q10(b) · 1 mark · MCQReconstitution of a Partnership Firm – Admission of a Partner

Raghav and Sahil were partners sharing Profit &Loss in the ratio 5:3. Their capital balances were ₹ 7,20,000 and ₹ 2,80,000 respectively. There were balances of General Reserve of ₹ 5,00,000 and Deferred Revenue Expenditure of ₹ 4,00,000 in the books of the firm. They admitted Ojasv into partnership for 20% share for which he brings ₹ 4,00,000 as capital. Determine the goodwill share of Ojasv.

  1. (A)₹ 5,00,000
  2. (B)₹ 1,00,000
  3. (C)₹ 1,20,000
  4. (D)₹ 60,000

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2025-26.

Hints

Open one hint at a time and try again before the next.

Hint 1

Work out the total capital implied by Ojasv's contribution.

Hint 2

Adjust old capitals for the reserve and the deferred revenue expenditure.

Hint 3

The gap is the firm's hidden goodwill.

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. From Ojasv's capital, total capital of the firm should be ₹ 4,00,000 × 100/20 = ₹ 20,00,000.

  2. Actual capital = old capitals ₹ 10,00,000 + General Reserve ₹ 5,00,000 − Deferred Revenue Expenditure ₹ 4,00,000 + Ojasv ₹ 4,00,000 = ₹ 15,00,000. Hidden goodwill = ₹ 5,00,000; Ojasv's share = 20% = ₹ 1,00,000. Option (B).

    1 mark

Answer: (B) ₹ 1,00,000

Where the marks are

  • Hidden goodwill ₹ 5,00,000 and Ojasv's 20% share (1 mark)

Revise the chapter

Practise this chapterBoard-style questions from Reconstitution of a Partnership Firm – Admission of a Partner, one at a time, marked against the answer key and marking points.Back to the full paperSample paper 2025-26: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.