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A, B and C are… (Class 12 Accountancy SQP 2026-27, Q1)

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AccountancyCBSE Class 12 · Sample paper, session 2026-27 · 1 mark · MCQ

CBSE Class 12 Accountancy sample paper 2026-27: question 1

From the official CBSE sample question paper for 2026-27, section A, question 1, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q1 · 1 mark · MCQReconstitution of a Partnership Firm – Admission of a Partner

A, B and C are partners sharing profits in the ratio of 4:3:2. W.e.f. 1st April 2026 they decided to share future profits in the ratio of 1:1:1. On the date of reconstitution, Workmen Compensation Reserve appears in the books of the firm at ₹27,000, and the liability on account of compensation to workmen is calculated at ₹36,000. Partners decided not to alter the books of accounts. What entry will be passed to effect the above-mentioned change?

  1. (A)A's Capital Dr. 1,000 To C's capital A/c 1,000
  2. (B)C's Capital A/c Dr. 1,000 To A's Capital A/c 1,000
  3. (C)Workmen Compensation Reserve A/c Dr. 27,000 To A's Capital A/c 12,000 To B's Capital A/c 9,000 To C's Capital A/c 6,000
  4. (D)Workmen Compensation Reserve A/c Dr. 27,000 Revaluation A/c Dr. 9,000 To Workmen Compensation Claim A/c 36,000

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2026-27.

Hints

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

Hint 1

Net the reserve against the claim first.

Hint 2

Who gains and who sacrifices on moving from 4 : 3 : 2 to 1 : 1 : 1?

Hint 3

For a net loss, the sacrificing partner pays the gaining partner.

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. Leaving the books unaltered, the net effect is reserve ₹ 27,000 − claim ₹ 36,000 = a net loss of ₹ 9,000. A goes from 4/9 to 3/9 (sacrifice 1/9), B stays at 3/9, and C goes from 2/9 to 3/9 (gain 1/9).

  2. A gaining partner is compensated for a loss he did not share in: C gets 1/9 × ₹ 9,000 = ₹ 1,000 from A. Entry: A's Capital A/c Dr. ₹ 1,000 to C's Capital A/c. Option (A).

    1 mark

Answer: (A) A's Capital Dr. 1,000 To C's capital A/c 1,000

Where the marks are

  • Net loss ₹ 9,000 adjusted between sacrificing A and gaining C (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 2026-27: 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.