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Suman and Tanya were… (Class 12 Accountancy 2026, Q7b)

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

CBSE Class 12 Accountancy 2026: question 7(b)

Set in the CBSE Class 12 board exam of 2026, paper 67/1/1, section A, question 7(b), for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q7(b) · 1 mark · MCQReconstitution of a Partnership Firm – Admission of a Partner

Suman and Tanya were partners in a firm sharing profits and losses in the ratio of 2 : 1. With effect from 1st April, 2025, they decided to share the profits equally. On that date furniture was appearing in the books of the firm at ₹ 4,50,000. At the time of change in the profit sharing ratio, it was found to be undervalued by 10%. In the new balance sheet, furniture will be shown at :

  1. (A)₹ 4,05,000
  2. (B)₹ 4,50,000
  3. (C)₹ 4,95,000
  4. (D)₹ 5,00,000

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

The percentage is of the true value.

Hint 2

Divide the book value by 0.9.

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. Undervalued by 10% means the book value is 10% below the true value: book value = 90% of true value.

  2. True value = 4,50,000 × 100/90 = ₹ 5,00,000. Option (D).

    1 mark

Answer: (D) ₹ 5,00,000

Where the marks are

  • True value = book value × 100/90 (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.