[CBSE] Q. 5 Dissolution of Partnership Firm Solution TS Grewal Class 12 2024-25

Solution to Question number 5 of the Dissolution of Partnership Firm Chapter of TS Grewal Book 2024-25 Edition for the CBSE Board.

Pass Journal entries for the following:

(a) Firm agreed to pay Alok ₹ 7,500 towards dissolution expenses. Dissolution expenses were ₹ 5,000, which were paid by the firm.

(b) Realisation expenses were ₹ 5,000. it was agreed that the firm will bear ₹ 2,000 and balance by Ravinder, a partner.

(c) Dissolution expenses of ₹ 10,000 were paid by Amit, a partner, on behalf of the firm.

(d) Realisation expenses up to ₹ 6,000 was agreed by the firm to reimburse Ajay. Dissolution Expenses were ₹ 7,000.

[Hint: (d) Realisation Account will be debited by ₹ 6,000.]

Solution:-

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