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Alpha, Beta and… (Class 12 Accountancy SQP 2026-27, Q22B)

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AccountancyCBSE Class 12 · Sample paper, session 2026-27 · 4 marks · Long answer

CBSE Class 12 Accountancy sample paper 2026-27: question 22(B)

From the official CBSE sample question paper for 2026-27, section A, question 22(B), for 4 marks. Try it first; the hints and our step-by-step solution are below.

Q22(B) · 4 marks · Long answerReconstitution of a Partnership Firm – Retirement/Death of a Partner

Alpha, Beta and Delta were partners. On 31st August 2023, Delta died and after all the adjustments an amount of Rs.3,22,000 was payable to his executors. It was agreed to pay Rs.22,000 immediately and balance in 3 equal instalments together with interest @10%p.a. on 31st March 2024, 31st March 2025 and 31st March 2026, Prepare Delta's Executors account till it is finally paid off.

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

Interest is charged only on the ₹ 3,00,000 left after the immediate payment.

Hint 2

The first year runs only from 1st September to 31st March.

Hint 3

Each payment = ₹ 1,00,000 + interest for the period.

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. Balance after the immediate payment = ₹ 3,00,000, repaid ₹ 1,00,000 a year with interest at 10%. Interest: 1st September, 2023 to 31st March, 2024 (7 months) on ₹ 3,00,000 = ₹ 17,500; then ₹ 20,000 on ₹ 2,00,000; then ₹ 10,000 on ₹ 1,00,000.

    1 mark

  2. Delta's Executors Account

    Particulars₹Particulars₹
    31.08.2023 To Bank A/c22,00031.08.2023 By Delta's Capital A/c3,22,000
    31.03.2024 To Bank A/c1,17,50031.03.2024 By Interest A/c17,500
    31.03.2024 To Balance c/d2,00,000
    3,39,5003,39,500
    31.03.2025 To Bank A/c1,20,00001.04.2024 By Balance b/d2,00,000
    31.03.2025 To Balance c/d1,00,00031.03.2025 By Interest A/c20,000
    2,20,0002,20,000
    31.03.2026 To Bank A/c1,10,00001.04.2025 By Balance b/d1,00,000
    31.03.2026 By Interest A/c10,000
    1,10,0001,10,000
    3 marks

Answer: Payments ₹ 22,000 (31.08.2023), ₹ 1,17,500 (31.03.2024), ₹ 1,20,000 (31.03.2025) and ₹ 1,10,000 (31.03.2026); interest ₹ 17,500, ₹ 20,000 and ₹ 10,000

Where the marks are

  • Instalment and interest workings (1 mark)
  • Executors account for three years (3 marks)

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.