[CBSE] Q. 19 Dissolution of Partnership Firm Solution TS Grewal Class 12 (2026-27)
Solution to Question number 19 of the Dissolution of Partnership Firm Chapter of TS Grewal Book (2026-27) Edition for the CBSE Board.
Pass the necessary Journal entries for settlement of loan by partner at the time of dissolution of firm under each of the following cases:
Case 1. Loan from Shiv (a partner) ₹ 1,00,000 and balance in his Capital Account (Credit) ₹ 1,75,000.
Case 2. Loan from Shiv (a partner) 1,00,000 and balance in his Capital Account (Debit) 80,000.
Case 3. Loan from Shiv (a partner) 1,00,000 and balance in his Capital Account (Debit) 1,37,500.
[Hints: 1. Dr. Loan from Shiv A/c and Cr. Bank A/c by ₹ 1,00,000.
Note: Shiv’s Capital A/c has a credit balance, so loan will be paid before payment of his capital.
- Dr. Loan from Shiv A/c by 1,00,000 and Cr. Shiv’s Capital A/c by 80,000 and Bank A/c by20,000.
- Dr. Loan from Shiv A/c by ₹ 1,00,000 and Bank A/c by ₹ 37,500;
Cr. Shiv’s Capital A/c by 1,37,500.]
Solution:-
