[CBSE] Q. 20 Dissolution of Partnership Firm Solution TS Grewal Class 12 (2026-27)

Solution to Question number 20 of the Dissolution of Partnership Firm Chapter of TS Grewal Book (2026-27) Edition for the CBSE Board.

Madhur and Neeraj were partners in a firm sharing profits and losses in the ratio of 3 : 2. The Balance Shet as at 31st March, 2024 was as under:

Balance Sheet of Madhur and Neeraj as at 31st March, 2024

Liabilities	₹	Assets	₹
Capital A/cs: Madhur Neeraj	9,00,000 8,00,000	Machinery	7,00,0000
Creditors	6,00,000	Investments	4,00,000
Bills Payable	2,00,000	Debtors	11,00,000
		Stock	2,00,000
		Cash at Bank	1,00,000
			25,00,000

The firm was dissolved on the above date and the following transactions took place:

(i) Machinery was taken over by creditors in full settlement of their account.

(ii) Investments were taken over by Neeraj at ₹ 5,00,000.

(iii) One of the debtors of ₹ 1,00,000 was untraceable. Remaining debtors were realised at 10% less.

(iv) Stock was taken over by Madhur at 50% discount.

(v) Realisation expenses amounting to ₹ 1,00,000 were paid by Madhur.

Prepare Realisation Account.

[Ans.: Loss on Realisation – ₹ 4,00,000.]

Solution:-

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