[CBSE] Q 45 DK Goel Dissolution of a Partnership Firm Solutions Class 12 (2024-25)
Solution of Question number 45 of Dissolution of a Partnership Firm chapter 5 of DK Goel Class 12 CBSE (2024-25)
Q. 45. Sanjay and Sameer were partners in a firm sharing profits in the ratio of 2 : 3. On 31.3.2023 their Balance Sheet was as follows:
Balance Sheet of Sanjay and Sameer
as at 31.3.2023
| Liabilities | ₹ | Assets | ₹ |
| Capitals: Sanjay Sameer | Land and Building | 3,00,000 | |
| Creditors | Stock | 1,00,000 | |
| Workmen Compensation Reserve | Debtors | 1,50,000 | |
| Bank | 1,55,000 | ||
| 7,05,000 | 7,05,000 |
The firm was dissolved on 1.4.2023 and the assets and liabilities were settled as follows:
(I) Sanjay agreed to take over land and building at ₹ 3,50,000 by paying cash;
(ii) Stock was sold for ₹ 90,000;
(iii) Creditors accepted Debtors in full settlement of their claim.
Pass necessary journal entries for dissolution of the firm.
[Ans. Final payment to Sanjay ₹ 2,38,000 and Sameer ₹ 3,57,000.]
Solution:-
Working Notes:-
Here are the solutions of Dissolution of a Partnership Firm chapter 5 of DK Goel Class 12 CBSE (2024-25)
| S.N | Questions | |
| 1 | Question – 1 | |
| 2 | Question – 2 | |
| 3 | Question – 3 | |
| 4 | Question – 4 | |
| 5 | Question – 5 | |
| 6 | Question – 6 | |
| 7 | Question – 7 | |
| 8 | Question – 8 | |
| 9 | Question – 9 | |
| 10 | Question – 10 |
| S.N | Questions | |
| 11 | Question – 11 | |
| 12 | Question – 12 | |
| 13 | Question – 13 | |
| 14 | Question – 14 | |
| 15 | Question – 15 | |
| 16 | Question – 16 | |
| 17 | Question – 17 | |
| 18 | Question – 18 | |
| 19 | Question – 19 | |
| 20 | Question – 20 |
| S.N | Questions | |
| 21 | Question – 21 | |
| 22 | Question – 22 | |
| 23 | Question – 23 | |
| 24 | Question – 24 | |
| 25 | Question – 25 | |
| 26 | Question – 26 | |
| 27 | Question – 27 | |
| 28 | Question – 28 | |
| 29 | Question – 29 | |
| 30 | Question – 30 |
| S.N | Questions | |
| 31 | Question – 31 | |
| 32 | Question – 32 | |
| 33 | Question – 33 | |
| 34 | Question – 34 | |
| 35 | Question – 35 | |
| 36 | Question – 36 | |
| 37 | Question – 37 | |
| 38 | Question – 38 | |
| 39 | Question – 39 | |
| 40 | Question – 40 |
