[CBSE] Q. 32 Dissolution of Partnership Firm Solution TS Grewal Class 12 (2026-27)

Solution to Question number 32 of the Dissolution of Partnership Firm Chapter of TS Grewal Book (2026-27) Edition for the CBSE Board.

Michael, Jackson and John are in partnership sharing profits and losses in the proportion of 1/2, 1/3 and 1/6 respectively. On 31st March, 2023, they decide to dissolve the partnership and the position of the firm on this date is represented by the following Balance Sheet:

Solution:-