Q. 12 solution of Dissolution of Partnership Firm Chapter TS Grewal Book Class 12 2021-22
Are you looking for the solution of Question number 12 of the Dissolution of Partnership Firm Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?
Question number 12 of the Dissolution of Partnership Firm chapter is a practical one.
Solution of Question Number 12 of Dissolution of Partnership Firm Chapter of TS Grewal Book 2021-22 Class 12
Question – 12
Q. 12
Aman and Harsh were partners in a firm. They decided to dissolve their firm. Pass necessary Journal entries for the following after assets (other than cash and Bank) and outside liabilities have been transferred to Realisation Account:
a) There was the furniture of ₹50,000. Aman took over 50% of the furniture at 10% discount and the remaining furniture was sold at 30% profit on book value.
b) Profit and Loss Account was showing a credit balance of ₹15,000 on the date of dissolution.
c) Harsh’s loan of ₹6,000 was settled by paying ₹5,500.
d) The firm paid realisation expenses of ₹5,000 on behalf of Harsh, a partner.
e) There was a bill for ₹ 1,200 under discount. The bill was received from Soham who became insolvent and a first and final dividend of 25% was received from his stable.
f) Creditors, to whom the firm owed ₹6,000, accepted stock of ₹5,000 at a discount of 5% and the balance in cash.
Solution:-
Here is the list of solutions
| S.N | Link to Solution |
| 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 | Link to Solution |
| 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 | Link to Solution |
| 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 | Link to Solution |
| 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 |
