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Raju, Rinku and… (Class 12 Accountancy SQP 2025-26, Q17a)

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AccountancyCBSE Class 12 · Sample paper, session 2025-26 · 3 marks · Short answer

CBSE Class 12 Accountancy sample paper 2025-26: question 17(a)

From the official CBSE sample question paper for 2025-26, section A, question 17(a), for 3 marks. Try it first; the hints and our step-by-step solution are below.

Q17(a) · 3 marks · Short answerReconstitution of a Partnership Firm – Admission of a Partner

Raju, Rinku and Munni were partners sharing Profits & Losses in the ratio 3:1:1. They admitted Chunni into partnership for 1/5 share. It was decided that Munni will have 1/4 share in future profits. Goodwill of the firm was valued at ₹ 3,20,000 and Chunni was unable to bring anything. Calculate New Ratio, Sacrificing Ratio and journalise for goodwill at the time of admission of Chunni.

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

Fix the shares of Chunni and Munni first, then split what remains between Raju and Rinku.

Hint 2

Sacrifice = old share − new share; a negative result is a gain.

Hint 3

Both the new partner and any gaining old partner compensate the sacrificers.

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. New ratio. Chunni gets 1/5 and Munni 1/4. Left for Raju and Rinku = 1 − 1/5 − 1/4 = 11/20, shared 3 : 1: Raju = 33/80, Rinku = 11/80. Munni = 20/80, Chunni = 16/80. New ratio = 33 : 11 : 20 : 16.

    1 mark

  2. Sacrifice. Raju 48/80 − 33/80 = 15/80; Rinku 16/80 − 11/80 = 5/80; Munni 16/80 − 20/80 = −4/80 (a gain of 1/20). Sacrificing ratio of Raju and Rinku = 15 : 5 = 3 : 1.

    1 mark

  3. Goodwill entry. Chunni's share = ₹ 3,20,000 × 1/5 = ₹ 64,000; Munni's gain = ₹ 3,20,000 × 1/20 = ₹ 16,000. The total ₹ 80,000 goes to Raju and Rinku in 3 : 1. Chunni brings nothing, so his Current A/c is debited.

    ParticularsDr. (₹)Cr. (₹)
    Chunni's Current A/c Dr.64,000
    Munni's Capital A/c Dr.16,000
    To Raju's Capital A/c60,000
    To Rinku's Capital A/c20,000
    (Being goodwill adjusted on Chunni's admission)
    1 mark

Answer: New ratio 33 : 11 : 20 : 16; sacrificing ratio (Raju : Rinku) 3 : 1, Munni gains 1/20; Chunni's Current A/c Dr. ₹ 64,000 and Munni's Capital A/c Dr. ₹ 16,000 to Raju ₹ 60,000 and Rinku ₹ 20,000

Where the marks are

  • New ratio 33 : 11 : 20 : 16 (1 mark)
  • Sacrificing ratio 3 : 1 with Munni's gain (1 mark)
  • Goodwill adjustment entry (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.