[CBSE] Q. 31 Death of Partner Solution TS Grewal Class 12 (2025-26)

Solution of Question number 31 of the Death of Partner Chapter of TS Grewal Book 2025-26 Edition CBSE Board.

Madhav, Raghav and Purav were partners in a firm sharing profits and losses in the ratio of 3 : 1 : 1. Their Balance Sheet as at 31st march, 2023 was as follows:

Balance Sheet of Madhav, Raghav and Purav as at 31st March, 2023

Liabilities	₹	Assets	₹
Creditors	1,00,000	Bank	20,000
General Reserve	50,000	Stock	1,10,000
Capitals: Madhav Raghav Purav	60,000 1,00,000 40,000	Investment	70,000
		Furniture	35,000
		Building	1,15,000
	3,50,000		3,50,000

Purav died on 30th September, 2023. According to Partnership deed, his legal representatives are entitled to the following:

(i) Balance in his Capital Account.

(ii) Share of profit up to the date of death to be calculated on the basis of last year’s profit.

(iii) Share of goodwill calculated on the basis of three years purchase of average profits of last four years.

(iv) Interest on Capital @ 12% p.a.

Purav’s share of profit was ₹ 3,000 and the average profit of last four years was ₹ 50,000. Purav’s drawings up to the date of death were ₹ 10,000.

Prepare Purav’s Capital Account to be rendered to his legal representatives.

[Ans.: Purav’s Share of Goodwill – ₹ 30,000; Purav’s share of Profit – ₹ 3,000; Balance of Purav’s Capital A/c transferred to Purav’s Executors’s A/c – ₹ 75,400.]

Solution:-

Solutions of Death of Partner chapter 7 of TS Grewal Book class 12 Accountancy 2025-26 CBSE Board

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