[CBSE] Q. 23 Death of Partner Solution TS Grewal Class 12 (2023-24)
Solution of Question number 23 of the Death of Partner Chapter of TS Grewal Book 2023-24 Edition CBSE Board.
Abha, Beena and Chanda were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. Abha died on 1st July, 2023. The partnership Deed provided that Abha’s executors are entitled to her share of profit till the date of death calculated on the basis of sales for the immediate previous year. Sales for the year ended 31st March, 2023 was ₹ 12,00,000 and the profit for the same year was ₹ 3,00,000. Sales shows a growth trend of 20% and percentage of profit earning remains the same. Journalise the transaction along with working notes.
[Ans.: Dr. Profit & Loss Suspense A/c and Cr. Abha’s Capital A/c by ₹ 45,000.]
Solution:-
Solutions of Death of Partner chapter 7 of TS Grewal Book class 12 Accountancy 2023-24 CBSE Board
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| 1 | Question – 1 |
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| 3 | Question – 3 |
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| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
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| 15 | Question – 15 |
| 16 | Question – 16 |
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| 24 | Question – 24 |
| 25 | Question – 25 |
| 26 | Question – 26 |
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| 28 | Question – 28 |
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| 31 | Question – 31 |
| 32 | Question – 32 |
| 33 | Question – 33 |
| 34 | Question – 34 |
| 35 | Question – 35 |
| 36 | Question – 36 |
| 37 | Question – 37 |
