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Sujata and Laxmi were… (Class 12 Accountancy 2026, Q11)

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AccountancyCBSE Class 12 · Board exam 2026, set 67/5/1 · 1 mark · MCQ

CBSE Class 12 Accountancy 2026: question 11

Set in the CBSE Class 12 board exam of 2026, paper 67/5/1, section A, question 11, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q11 · 1 mark · MCQReconstitution of a Partnership Firm – Admission of a Partner

Sujata and Laxmi were partners in a firm sharing profits and losses in the ratio of 2 : 1. On 1st April, 2025, they admitted Raghu as a new partner for 1/5th share in the profits of the firm. On the date of Raghu's admission, it was found that the equipment is undervalued by ₹ 90,000. After revaluation, the Balance Sheet of Sujata, Laxmi and Raghu showed equipment at ₹ 3,00,000. The value of equipment shown in the books of the firm of Sujata and Laxmi before Raghu's admission was :

  1. (A)₹ 3,90,000
  2. (B)₹ 2,10,000
  3. (C)₹ 3,00,000
  4. (D)₹ 90,000

Source: official question paper from cbse.gov.in (PDF). See it in the full 2026 board paper, set 67/5/1.

Hints

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

Hint 1

After revaluation the equipment stands at ₹ 3,00,000.

Hint 2

Undervalued means the old figure was lower.

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 ₹ 90,000 means the book figure was ₹ 90,000 below the revised value.

  2. Book value before admission = 3,00,000 − 90,000 = ₹ 2,10,000. Option (B).

    1 mark

Answer: (B) ₹ 2,10,000

Where the marks are

  • Revised value less undervaluation (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 67/5/1: 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.