[CBSE] Q. 15 Death of Partner Solution TS Grewal Class 12 (2024-25)

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Solution of Question number 15 of the Death of Partner Chapter of TS Grewal Book 2024-25 Edition CBSE Board.

Radha, Tina and Reeta were partners sharing profits equally. Reeta died on 31st July 2022. Radha and Tina decided to continue the business. Share of profit or loss of the deceased partner from the beginning of the year up to the date of death was to be determined on the basis of last year’s profit, which was ₹ 4,50,000. Pass necessary Journal entry to record Reeta’s share of profit/loss up to the date of death.

[Ans.: Dr. Profit & Loss Suspense A/c and Cr. Reeta’s Capital A/c by ₹ 50,000.]

Solution:-

Solutions of Death of Partner chapter 7 of TS Grewal Book class 12 Accountancy 2024-25 CBSE Board

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Anurag Pathak
Anurag Pathak

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