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Yashasvi, Nitish… (Class 12 Accountancy SQP 2025-26, Q17b)

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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(b)

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

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

Yashasvi, Nitish and Harshit were partners sharing Profit &Loss in the ratio 5:3:2. W.e.f 01 April, 2025, they decided to share future Profit &Loss in the ratio 4:3:2. On the date of reconstitution Goodwill was appearing in the books of ₹ 4,00,000. Goodwill of the firm was valued at ₹ 7,20,000 on the date of reconstitution. Determine gain or sacrifice for each partner and pass necessary entries.

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

Compare each partner's old share with the new one, using 90 as the denominator.

Hint 2

Goodwill already in the books is written off in the old ratio first.

Hint 3

Gaining partners compensate the sacrificing partner for their gain × firm's 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. Gain or sacrifice (old − new): Yashasvi 5/10 − 4/9 = 5/90 (sacrifice); Nitish 3/10 − 3/9 = −3/90 (gain); Harshit 2/10 − 2/9 = −2/90 (gain).

    1 mark

  2. Write off existing goodwill in the old ratio 5 : 3 : 2.

    ParticularsDr. (₹)Cr. (₹)
    Yashasvi's Capital A/c Dr.2,00,000
    Nitish's Capital A/c Dr.1,20,000
    Harshit's Capital A/c Dr.80,000
    To Goodwill A/c4,00,000
    (Being existing goodwill written off in old ratio)
    1 mark

  3. Adjust goodwill of ₹ 7,20,000 through capitals: Nitish pays 3/90 = ₹ 24,000 and Harshit 2/90 = ₹ 16,000 to Yashasvi.

    ParticularsDr. (₹)Cr. (₹)
    Nitish's Capital A/c Dr.24,000
    Harshit's Capital A/c Dr.16,000
    To Yashasvi's Capital A/c40,000
    (Being adjustment for goodwill on change in ratio)
    1 mark

Answer: Yashasvi sacrifices 5/90; Nitish gains 3/90 and Harshit 2/90. Goodwill ₹ 4,00,000 written off in 5 : 3 : 2; Nitish ₹ 24,000 and Harshit ₹ 16,000 debited, Yashasvi credited ₹ 40,000

Where the marks are

  • Gain/sacrifice of each partner (1 mark)
  • Existing goodwill written off (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.