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The books of Mehul and… (Class 12 Accountancy 2026, Q1)

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AccountancyCBSE Class 12 · Board exam 2026, set 67/1/1 · 1 mark · MCQ

CBSE Class 12 Accountancy 2026: question 1

Set in the CBSE Class 12 board exam of 2026, paper 67/1/1, section A, question 1, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q1 · 1 mark · MCQReconstitution of a Partnership Firm – Admission of a Partner

The books of Mehul and Barkha showed that their capital employed on 31st March, 2025 was ₹ 6,00,000. If the normal profits are ₹ 60,000 and super profits are ₹ 20,000, then the normal rate of return is :

  1. (A)6%
  2. (B)15%
  3. (C)30%
  4. (D)10%

Source: official question paper from cbse.gov.in (PDF). See it in the full 2026 board paper, set 67/1/1.

Hints

Open one hint at a time and try again before the next.

Hint 1

Which figure is the "normal" return on capital employed?

Hint 2

Super profit is a distractor here.

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. Normal profit = capital employed × normal rate of return, so normal rate = normal profit / capital employed.

  2. Normal rate = 60,000 / 6,00,000 × 100 = 10%. Super profit is not needed. Option (D).

    1 mark

Answer: (D) 10%

Where the marks are

  • Normal profit ÷ capital employed (1 mark)

Revise the chapter

Practise this chapterBoard-style questions from Reconstitution of a Partnership Firm – Admission of a Partner, one at a time, marked against the answer key and marking points.Back to the full paper2026 board paper, set 67/1/1: 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.