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Soni and Kush were… (Class 12 Accountancy 2026, Q5)

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

CBSE Class 12 Accountancy 2026: question 5

Set in the CBSE Class 12 board exam of 2026, paper 67/1/1, section A, question 5, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q5 · 1 mark · MCQReconstitution of a Partnership Firm – Admission of a Partner

Soni and Kush were partners in a firm sharing profits and losses in the ratio of 4 : 5. Hitesh was admitted as a new partner for 1/5th share in the profits of the firm. After all adjustments regarding general reserve, goodwill, and gain on revaluation of assets and reassessment of liabilities, the balances in capital accounts of Soni and Kush were ₹ 7,00,000 and ₹ 13,00,000 respectively. Hitesh brought in proportionate capital for his 1/5th share in the profits of the firm. The amount of proportionate capital brought in by Hitesh was :

  1. (A)₹ 25,00,000
  2. (B)₹ 20,00,000
  3. (C)₹ 5,00,000
  4. (D)₹ 10,00,000

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

Old partners together keep 4/5 of the profits.

Hint 2

Find the whole firm's capital first.

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. Adjusted capitals of Soni and Kush = 7,00,000 + 13,00,000 = ₹ 20,00,000 for their combined 4/5 share. Total capital = 20,00,000 × 5/4 = ₹ 25,00,000.

  2. Hitesh's capital = 25,00,000 × 1/5 = ₹ 5,00,000. Option (C).

    1 mark

Answer: (C) ₹ 5,00,000

Where the marks are

  • Total capital from old partners' 4/5 share (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.