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L, B and P are… (Class 12 Accountancy SQP 2026-27, Q17B)

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AccountancyCBSE Class 12 · Sample paper, session 2026-27 · 3 marks · Short answer

CBSE Class 12 Accountancy sample paper 2026-27: question 17(B)

From the official CBSE sample question paper for 2026-27, 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 answerCompetency-basedDissolution of Partnership Firm

L, B and P are partners. They decided to dissolve the firm. In each of the following situations identify the incidence (borne by) of expenditure of dissolution and the paying identity (paid by) related to dissolution expenses of a firm:

CaseEntry
Case IRealisation A/c Dr. 10,000 To L's Capital A/c 10,000 (Being realisation expenses recorded)
Case IIL's Capital A/c Dr. 10,000 To P's Capital A/c 10,000 (Being realisation expenses recorded)
Case IIIP's Capital A/c Dr. 10,000 To Cash A/c 10,000 (Being realisation expenses recorded)

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 debit shows who bears the expense.

Hint 2

The credit shows who paid it.

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. Case I (Realisation A/c Dr., L's Capital A/c Cr.): the expense is a cost of the firm, so it is borne by the firm; L is credited because he paid it.

    1 mark

  2. Case II (L's Capital A/c Dr., P's Capital A/c Cr.): L is debited, so it is borne by L; P is credited, so it was paid by P on L's behalf.

    1 mark

  3. Case III (P's Capital A/c Dr., Cash A/c Cr.): P is debited, so it is borne by P; cash went out of the firm, so it was paid by the firm.

    1 mark

Answer: Case I: borne by firm, paid by L. Case II: borne by L, paid by P. Case III: borne by P, paid by firm

Where the marks are

  • 1 mark for each case (3 marks)

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.