by DeepWebLabs
CBSE-CLASS-XII SERIES
Accountancy

Reconstitution Of Partnership

6 previous year questions.

Volume: 6 Ques
Yield: Medium

High-Yield Trend

6
2024

Chapter Questions
6 MCQs

01
PYQ 2024
medium
accountancy ID: cbse-cla
A, B and C were partners in a firm sharing profits and losses in the ratio of . D was admitted in the firm for share. C would retain his original share. The new profit sharing ratio will be:
1
12 : 8 : 5 : 5
2
21 : 14 : 18 : 12
3
21 : 14 : 15 : 10
4
2 : 2 : 1 : 1
02
PYQ 2024
medium
accountancy ID: cbse-cla
Pawan, a partner, was appointed to look after the process of disSolution of the firm, for which he was allowed a remuneration of Rs.75,000. Pawan agreed to bear the disSolution expenses. Actual disSolution expenses Rs.60,000 were paid by Pawan. Pawan’s capital account will be credited by:
1
Rs.75,000
2
Rs.60,000
3
Rs.15,000
4
Rs.10,000
03
PYQ 2024
easy
accountancy ID: cbse-cla
On disSolution of a partnership firm, if realisation expenses are paid by the firm on behalf of a partner, then such expenses are debited to which of the following account:
1
Realisation Account
2
Partner’s Capital Account
3
Partner’s Loan Account
4
Bank Account
04
PYQ 2024
medium
accountancy ID: cbse-cla
Ridhima and Kavita were partners sharing profits and losses in the ratio of 3 : 2. Their fixed capitals were Rs.1,50,000 and Rs.2,00,000 respectively. The partnership deed provides for interest on capital @ 8% p.a. The net profit of the firm for the year ended 31st March, 2023 amounted to Rs.21,000.
The amount of interest on capital credited to the capital accounts of Ridhima and Kavita will be:
1
Rs.12,000 and Rs.16,000 respectively.
2
Rs.10,500 and Rs.10,500 respectively.
3
Rs.9,000 and Rs.12,000 respectively.
4
Rs.16,000 and Rs.5,000 respectively.
05
PYQ 2024
medium
accountancy ID: cbse-cla

Assertion (A): In partnership firm, the private assets of the partners can also be used to pay off the firm's debts.
Reason (R): The liability of the partners for acts of the firm is limited.
Choose the correct option from the following:

1
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
2
Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
3
Assertion (A) is false, but Reason (R) is true.
4
Assertion (A) is true, but Reason (R) is false.
06
PYQ 2024
medium
accountancy ID: cbse-cla
A partnership firm has 45 partners. It wants to admit 7 more partners into partnership. Only ____ more partners can be admitted in the partnership firm according to Companies Act, 2013.
1
1
2
6
3
5
4
3

About Reconstitution Of Partnership - CBSE-CLASS-XII

Reconstitution Of Partnership is a vital chapter for CBSE-CLASS-XII aspirants. Mastering the concepts covered in this chapter is essential for securing a top rank.

By rigorously practicing the previous year questions associated with this chapter, you can identify high-yield topics, understand the examiner's perspective, and boost your confidence during the actual exam.

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