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Choose the correct… (Class 12 Accountancy SQP 2026-27, Q13)

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

CBSE Class 12 Accountancy sample paper 2026-27: question 13

From the official CBSE sample question paper for 2026-27, section A, question 13, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q13 · 1 mark · MCQReconstitution of a Partnership Firm – Retirement/Death of a Partner

Choose the correct sequence of events in case of retirement of a partner.
(i) Preparation of revaluation A/c.
(ii) Transfer of amount due to retiring partner to retiring partner's loan A/c.
(iii) Preparation of capital A/c to calculate amount due to retiring partner.
(iv) Treatment of goodwill.

  1. (A)(iv), (i), (ii), (iii)
  2. (B)(i), (iv), (iii), (ii)
  3. (C)(iii), (ii), (i), (iv)
  4. (D)(ii), (iv), (i), (iii)

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

The amount due is known only after all adjustments.

Hint 2

The loan account is the last step.

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. First revalue assets and liabilities, then deal with goodwill, then prepare the capital account to find the amount due, and finally transfer it to the loan account.

  2. Sequence: (i), (iv), (iii), (ii). Option (B).

    1 mark

Answer: (B) (i), (iv), (iii), (ii)

Where the marks are

  • Revaluation, goodwill, capital account, loan (1 mark)

Revise the chapter

Practise this chapterBoard-style questions from Reconstitution of a Partnership Firm – Retirement/Death 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.