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A, B and C were… (Class 12 Accountancy SQP 2026-27, Q6)

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

CBSE Class 12 Accountancy sample paper 2026-27: question 6

From the official CBSE sample question paper for 2026-27, section A, question 6, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q6 · 1 mark · MCQReconstitution of a Partnership Firm – Retirement/Death of a Partner

A, B and C were partners sharing profits and losses in the ratio of 5:3:2. A died on 1st October 2025. The loss till the date of death was calculated at ₹ 75,000. Goodwill is to be valued at two years' purchase of the average profits of the last three years. The profits for the last three years were ₹3,28,000; ₹3,46,000; and ₹4,00,000. Calculate the amount payable by B and C to A's executor towards goodwill.

  1. (A)₹ 1,79,000 and ₹ 1,79,000
  2. (B)₹ 2,14,800 and ₹ 1,43,200
  3. (C)₹ 4,29,600 and ₹ 2,86,400
  4. (D)₹ 2,23,750 and ₹ 1,34,250

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 loss to the date of death does not affect goodwill.

Hint 2

With no new ratio given, the gaining ratio is the old ratio of the continuing partners.

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. Average profit = (3,28,000 + 3,46,000 + 4,00,000)/3 = ₹ 3,58,000; goodwill = 2 × ₹ 3,58,000 = ₹ 7,16,000; A's 5/10 share = ₹ 3,58,000.

  2. B and C continue in their old ratio 3 : 2, which is also their gaining ratio: B ₹ 2,14,800, C ₹ 1,43,200. Option (B).

    1 mark

Answer: (B) ₹ 2,14,800 and ₹ 1,43,200

Where the marks are

  • A's goodwill ₹ 3,58,000 borne 3 : 2 (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.