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Namita, Narendra and… (Class 12 Accountancy 2026, Q17)

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AccountancyCBSE Class 12 · Board exam 2026, set 67/5/1 · 3 marks · Short answer

CBSE Class 12 Accountancy 2026: question 17

Set in the CBSE Class 12 board exam of 2026, paper 67/5/1, section A, question 17, for 3 marks. Try it first; the hints and our step-by-step solution are below.

Q17 · 3 marks · Short answerReconstitution of a Partnership Firm – Retirement/Death of a Partner

Namita, Narendra and Kunwar were partners in a firm sharing profits and losses in the ratio of 3 : 1 : 1. The firm closes its books on 31st March every year. Kunwar died on 30th September, 2025. His share in the profits of the firm from 1st April, 2025 to 30th September, 2025 was calculated as per the provisions of the partnership deed which amounted to ₹ 15,600. On the date of Kunwar's death, the Balance Sheet of the firm showed General Reserve of ₹ 40,000 and Profit and Loss Account (Dr.) ₹ 80,000.
Pass necessary journal entries on Kunwar's death in the books of the firm.

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

The deceased partner's profit to date goes through a suspense account.

Hint 2

Reserves and accumulated losses go to all partners, including Kunwar, in the old ratio.

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. Share of profit till death (30th September, 2025)

    ParticularsDr. (₹)Cr. (₹)
    Profit and Loss Suspense A/c Dr.15,600
    To Kunwar's Capital A/c15,600
    (Being Kunwar's share of profit to the date of death)
    1 mark

  2. General Reserve in old ratio 3 : 1 : 1

    ParticularsDr. (₹)Cr. (₹)
    General Reserve A/c Dr.40,000
    To Namita's Capital A/c24,000
    To Narendra's Capital A/c8,000
    To Kunwar's Capital A/c8,000
    (Being general reserve distributed in old ratio)
    1 mark

  3. Debit balance of Profit and Loss in old ratio

    ParticularsDr. (₹)Cr. (₹)
    Namita's Capital A/c Dr.48,000
    Narendra's Capital A/c Dr.16,000
    Kunwar's Capital A/c Dr.16,000
    To Profit and Loss A/c80,000
    (Being accumulated loss written off in old ratio)
    1 mark

Answer: P&L Suspense Dr. ₹ 15,600 to Kunwar; General Reserve ₹ 40,000 to Namita ₹ 24,000, Narendra ₹ 8,000, Kunwar ₹ 8,000; capitals Dr. ₹ 48,000, ₹ 16,000, ₹ 16,000 to Profit and Loss ₹ 80,000

Where the marks are

  • Profit share through P&L Suspense (1 mark)
  • General reserve in old ratio (1 mark)
  • Debit balance of P&L in old ratio (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 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.