Skip to content

A, B, and C are… (Class 12 Accountancy SQP 2026-27, Q14)

questionbuddy.in/q/cbse-12-accountancy-2026-27-sqp-q14-partners-sharing-profits-ratio-dissolution

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

CBSE Class 12 Accountancy sample paper 2026-27: question 14

From the official CBSE sample question paper for 2026-27, section A, question 14, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q14 · 1 mark · MCQDissolution of Partnership Firm

A, B, and C are partners sharing profits in the ratio of 5:3:2. On dissolution, a creditor of ₹40,000 accepts ₹30,000 in full settlement. Another creditor of ₹ 15,000 is paid in full. What amount will be transferred to the Realisation Account to close the creditors A/c?

  1. (A)₹55,000
  2. (B)₹45,000
  3. (C)₹70,000
  4. (D)₹40,000

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

The discount on settlement shows up only when payment is recorded.

Hint 2

Add both creditors at book value.

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. On dissolution, creditors are transferred to Realisation A/c at book value, whatever is finally paid.

  2. Book value = ₹ 40,000 + ₹ 15,000 = ₹ 55,000. Option (A).

    1 mark

Answer: (A) ₹55,000

Where the marks are

  • Creditors transferred at book value (1 mark)

Revise the chapter

Practise this chapterBoard-style questions from Dissolution of Partnership Firm, 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.