[CBSE] Q. 17 Death of Partner Solution TS Grewal Class 12 (2023-24)

Share your love

Solution of Question number 17 of the Death of Partner Chapter of TS Grewal Book 2023-24 Edition CBSE Board.

A, B and C were partners sharing profits in the ratio of 3 : 2 : 1. The firm closes its books on 31st March every year. B died on 30th June, 2022. On his death, Goodwill of the firm valued at ₹ 6,00,000. B’s share in profit or loss till the date was to be calculated on the basis of previous year’s profit which was ₹ 15,00,000 (Loss). Pass necessary Journal entries for goodwill and his share of loss.

[Ans. Share of Goodwill – ₹ 2,00,000; B’s Share of Loss – ₹ 1,25,000. Journal Entry for Goodwill: Dr. A’s Capital A/c by ₹ 1,50,000 and C’s Capital A/c by ₹ 50,000; Cr. B’s Capital A/c by ₹ 2,00,000. For Share of Loss: Dr. B’s Capital A/c and Cr. Profit & Loss Suspense A/c by ₹ 1,25,000.

Solution:-

Solutions of Death of Partner chapter 7 of TS Grewal Book class 12 Accountancy 2023-24 CBSE Board

S.NQuestions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
10Question – 10
S.NQuestions
11Question – 11
12Question – 12
13Question – 13
14Question – 14
15Question – 15
16Question – 16
17Question – 17
18Question – 18
19Question – 19
20Question – 20
S.NQuestions
21Question – 21
22Question – 22
23Question – 23
24Question – 24
25Question – 25
26Question – 26
27Question – 27
28Question – 28
29Question – 29
30Question – 30
S.NQuestions
31Question – 31
32Question – 32
33Question – 33
34Question – 34
35Question – 35
36Question – 36
37Question – 37
Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

Articles: 6553

Leave a Reply

Your email address will not be published. Required fields are marked *

x