[CBSE] Q. 21 Dissolution of Partnership Firm Solution TS Grewal Class 12 2024-25
Solution to Question number 21 of the Dissolution of Partnership Firm Chapter of TS Grewal Book 2024-25 Edition for the CBSE Board.
Pradeep and Paresh partners in a firm decided to dissolve their partnership firm on 1st April, 2024. Pradeep was deputed to realise the assets and to pay off the liabilities. He was paid ₹ 10,000 as commission for his services. Balance Sheet of the firm on 31st March, 2024 was as follows:
Balance Sheet as at 31st March, 2024
| Liabilities | ₹ | Assets | ₹ | |
| Sundry Creditors Mrs. Pradeep’s Loan Paresh’s Loan Investment Fluctuation Reserve Capital A/cs: Pradeep Paresh | 1,29,400 40,000 24,000 8,000 1,21,000 1,21,000 | Building Investment Debtors Less: Provision for Doubtful Debts Bank Profit & Loss A/c Goodwill | 71,400 4,000 | 3,00,000 30,000 67,400 16,000 20,000 10,000 |
| 4,43,400 | 4,43,400 |
Following terms and conditions were agreed upon:
(a) Pradeep agreed to pay his wife’s loan.
(b) Investment was given to Paresh for ₹ 27,000.
(c) BUilding realised ₹ 3,50,000.
(d) Creditors were to be paid after two months, they were paid immediately at 10% p.a. discount.
(e) Realisation expenses were ₹ 2,500.
Prepare Realisation Account.
[Ans.: Realisation Gain – ₹ 38,657; Payment to Creditors – ₹ 1,27,243.]
Solution:-
Here is the list of solutions
| S.N | Questions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
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| 11 | Question – 11 |
| 12 | Question – 12 |
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| 15 | Question – 15 |
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| 17 | Question – 17 |
| 18 | Question – 18 |
| 19 | Question – 19 |
| 20 | Question – 20 |
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| 21 | Question – 21 |
| 22 | Question – 22 |
| 23 | Question – 23 |
| 24 | Question – 24 |
| 25 | Question – 25 |
| 26 | Question – 26 |
| 27 | Question – 27 |
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| 31 | Question – 31 |
| 32 | Question – 32 |
| 33 | Question – 33 |
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| 35 | Question – 35 |
| 36 | Question – 36 |
| 37 | Question – 37 |
| 38 | Question – 38 |
| 39 | Question – 39 |
| 40 | Question – 40 |
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| 41 | Question – 41 |
| 42 | Question – 42 |
| 43 | Question – 43 |
| 44 | Question – 44 |
| 45 | Question – 45 |
| 46 | Question – 46 |
| 47 | Question – 47 |
| 48 | Question – 48 |
