[CBSE] Q. 27 Death of Partner Solution TS Grewal Class 12 (2026-27)

Solution of Question number 27 of the Death of Partner Chapter of TS Grewal Book 2026-27 Edition CBSE Board.

Chandni, Bhanu, and Garima were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. The firm closes its books on 31st March every year. On 1st October, 2024, Chandni died. On that date, her Capital Account showed a credit balance of ₹ 3,00,000. On the date of Chandni’s death, the firm had a General Reserve of ₹ 60,000. The partnership deed provided that on the death of a partner, her representatives will be entitled to the following:

(i) Balance in the Capital Account and interest on the same @ 10% p.a.

(ii) Her share in the goodwill of the firm. The goodwill of the firm on Chandni’s death was valued at ₹ 1,20,000.

(iii) Her share in the profits of the firm to be calculated on the basis of the previous year’s profit. The profit of the firm for the year ended 31st March 2024 was ₹ 4,50,000.

Prepare Chandni’s Capital Account to be presented to her executors.

[Ans.: Chandni’s share of Goodwill = ₹ 60,000; Chandni’s share of profit = ₹ 1,12,500; Balance of Chandni’s Capital A/c transferred to Chandni’s Executors’ A/c = ₹ 5,17,500.]

Solution:-

Solutions of Death of Partner chapter 7 of TS Grewal Book class 12 Accountancy 2026-27 CBSE Board

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