[CBSE] Q. 36 Dissolution of Partnership Firm Solution TS Grewal Class 12 2024-25

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Solution to Question number 36 of the Dissolution of Partnership Firm Chapter of TS Grewal Book 2024-25 Edition for the CBSE Board.

Ashok, Babu and Chetan are in partnership sharing profit in the proportion of 1/2, 1/3, 1/6 respectively. They dissolve the partnership on 31st March, 2023 when the Balance Sheet of the firm is as under:

Solution:-

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Anurag Pathak
Anurag Pathak

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One comment

  1. Respected Author,
    This message is to inform you about a mistake and an updation which is required in the solution of Question no. 36 from the chapter- Dissolution of Partnership Firms.
    In the liability side- Sundry creditors of Rs 45,500 are given instead of “Creditors – Rs 20,000 and Bills Payable Rs 25,500 separately as was given in the last year.

    You have provided the same answer as was provided in the last year by making payment of creditors and bills payable separately. Please consider this gesture as a friendly suggestion as it was my duty to inform you about the same being an educator.

    I hope you will correct it as soon as possible.
    Regards,
    CMA Kuldeep Batra,
    Faculty of Accounts and Associate Member of the Institute of Cost & Management Accountants of India.

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