[CBSE] Q. 25 Death of Partner Solution TS Grewal Class 12 (2024-25)

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Solution of Question number 25 of the Death of Partner Chapter of TS Grewal Book 2024-25 Edition CBSE Board.

Iqbal and kamal are in partnership sharing profits and losses in 3 : 2. Kamal died three months after the date of the last Balance Sheet. According to the Partnership Deed, his legal heir is entitled to the following:

(a) His capital as per the last Balance Sheet.

(b) Interest on above capital @ 3% p.a. till the date of death.

(c) His share of profit till the date of death calculated on the basis of last year’s profits.

[Ans.: Balance due to Kamal – ₹ 38,200.]

Solution:-

Solutions of Death of Partner chapter 7 of TS Grewal Book class 12 Accountancy 2024-25 CBSE Board

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Anurag Pathak
Anurag Pathak

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