[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 Y are 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:-
According to the Section 48 of the Indian Partnership Act, 1932, Mrs. X’s Loan of ₹ 5,00,000, being outside party’s debt will be paid before repayment of Y’s Loan. Y will be paid up to the available amount, i.e., ₹ 1,25,000 (₹ 6,25,000 – ₹ 5,00,000).
Here is the list of solutions
| 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 |
| 36 | Question – 36 |
| 37 | Question – 37 |
| 38 | Question – 38 |
| 39 | Question – 39 |
| 40 | Question – 40 |
| S.N | Questions |
| 41 | Question – 41 |
| 42 | Question – 42 |
| 43 | Question – 43 |
| 44 | Question – 44 |
| 45 | Question – 45 |
| 46 | Question – 46 |
