[CBSE] Q 47 DK Goel Dissolution of a Partnership Firm Solutions Class 12 (2024-25)
Solution of Question number 47 of Dissolution of a Partnership Firm chapter 5 of DK Goel Class 12 CBSE (2024-25)
Q. 47. Arnab, Ragini and Dhrupad were partners sharing profits in the ratio of 3 : 1 : 1. On 31st March, 2023, they decided to dissolve their firm. On that date their Balance Sheet was as under:
Balance Sheet of Arnab, Ragini and Dhrupad
at at 31st March, 2023
| Liabilities | ₹ | Assets | ₹ |
| Creditors | 60,000 | Bank | 50,000 |
| Arnab’s Brother’s Loan | 95,000 | Debtors1,70,000 Less: Provision for Bad Debts 20,000 | 1,50,000 |
| Dhrupad’s Loan | 1,00,000 | Stock | 1,50,000 |
| Investment Fluctuation Fund | 50,000 | Investments | 2,50,000 |
| Capitals: Arnab Ragini Dhrupad | 2,75,000 2,00,000 1,70,000 | Building | 3,00,000 |
| Profit and Loss Account | 50,000 | ||
| 9,50,000 | 9,50,000 |
The assets were realised and the liabilities were paid as under:
(I) Arnab agreed to pay his brother’s loan
(ii) Debtors realised at 30% less
(iii) Creditors were paid at 10% less.
(iv) Building was auctioned for ₹ 3,55,000. Commission on auction was ₹ 4,000.
(v) 50% of the stock was taken over by Ragini at market price which was 20% less than the book value and the remaining was sold at market price.
(vi) Dissolution expenses were ₹ 8,000. ₹ 3,000 were to be borne by the firm and the balance by Dhrupad. The expenses were paid by him.
Prepare Realisation Account, Bank Account and Partner’s Capital Accounts.
[Ans. Gain on Realisation ₹ 43,000; Final Payment : Arnab ₹ 3,65,800; Ragini ₹ 1,38,600 and Dhrupad ₹ 1,71,600; Total of Bank A/c ₹ 8,30,000.]
Solution:-
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 |
