[CBSE] Q. 1 Dissolution of Partnership Firm Solution TS Grewal Class 12 (2026-27)
Solution to Question number 1 of the Dissolution of Partnership Firm Chapter of TS Grewal Book (2026-27) Edition for the CBSE Board.
X and Yare partners in a firm sharing profits in the ratio of 3: 2. Mrs. X has given loan of ₹ 5,00,000 to the firm and the firm also took loan of ₹ 2,50,000 from Y.
The firm was dissolved and its assets were realised for ₹ 6,25,000. State the order of payment of Mrs. X’s loan and Y’s loan with reason, if there were no other creditors of the firm.
[Ans.: First: Mrs X’s loan of ₹ 5,00,000, then ₹ 1,25,000 for Y’s loan as per Section 48.]
Solution:
