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Mansi and Uma were… (Class 12 Accountancy 2026, Q5)

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

CBSE Class 12 Accountancy 2026: question 5

Set in the CBSE Class 12 board exam of 2026, paper 67/5/1, 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

Mansi and Uma were partners in a firm and their capitals were ₹ 4,00,000 and ₹ 2,00,000 respectively. Normal rate of return in a similar business was 15% and the goodwill of the firm was valued at ₹ 4,00,000. If goodwill was calculated at four years purchase of super profits, the average profits of the firm were :

  1. (A)₹ 90,000
  2. (B)₹ 60,000
  3. (C)₹ 1,00,000
  4. (D)₹ 1,90,000

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

Work backwards: goodwill ÷ years' purchase gives super profit.

Hint 2

Average profit = normal profit + super profit.

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. Super profit = goodwill / number of years' purchase = 4,00,000 / 4 = ₹ 1,00,000. Normal profit = 15% of capital employed ₹ 6,00,000 = ₹ 90,000.

  2. Average profit = normal profit + super profit = 90,000 + 1,00,000 = ₹ 1,90,000. Option (D).

    1 mark

Answer: (D) ₹ 1,90,000

Where the marks are

  • Super profit ₹ 1,00,000 plus normal profit ₹ 90,000 (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.