[CBSE] Q 15 DK Goel Dissolution of a Partnership Firm Solutions Class 12 (2024-25)

Solution of Question number 15 of Dissolution of a Partnership Firm chapter 5 of DK Goel Class 12 CBSE (2024-25)

Sita and Gita were partners sharing profits and losses in the ratio of 4 : 5. They dissolved their partnership on 31st March, 2021, when their Balance Sheet showed the following balances:

Particulars	₹
Sita’s Capital	30,000
Gita’s Capital	35,000
Gita’s Current A/c (Dr.)	2,000
Contingency Reserve	18,000
P/L A/c (Dr)	4,500

On the date of dissolution:

(i) The firm, upon realisation of assets and settlement of liabilities, made a profit of ₹ 9,000.

(ii) Gita paid the realisation expenses of ₹ 2,000.

(iii) Gita discharged the outstanding salary of the manager of the firm of ₹ 1,000 which was unrecorded in the books.

You are required to prepare the Partner’s Capital Accounts.

[Ans. Balance of Capital Accounts: Sita ₹ 40,000 and Gita ₹ 48,500.]

Solution:-

Here are the solutions of Dissolution of a Partnership Firm chapter 5 of DK Goel Class 12 CBSE (2024-25)

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