[CBSE] Q. 30 Death of Partner Solution TS Grewal Class 12 (2026-27)

Solution of Question number 30 of the Death of Partner Chapter of TS Grewal Book 2026-27 Edition CBSE Board.

Balance Sheet of Somesh, Rahul and Kamlesh, who were sharing profits in the ratio of 3 : 3 : 4 respectively as on 31st March, 2025 was as follows:

Balance Sheet of Somesh, Rahul and Kamlesh as at 31st March, 2025

Liabilities	₹	Assets	₹
Sundry Creditors	44,000	Cash	32,000
General Reserve	10,000	Stock	88,000
Capital A/cs: Somesh Rahul Kamlesh	1,20,000 1,00,000 80,000	Investments	94,000
		Land and Buildings	1,20,000
		Loan to Somesh	20,000
	3,54,000		3,54,000

Somesh died on 31st July, 2025. The Partnership deed provided for the following on the death of a partner:

(a) Goodwill of the firm be valued at two year’s purchase of average profit for the last three years which was ₹ 80,000.

(b) Somesh’ share of profit till the date of his death was to be calculated on the basis of sales. Sales for the year ended 31st March, 2025 was ₹ 8,00,000 and that from 1st April to 31st July, 2025 ₹ 3,00,000. Profit for the year ended 31st March, 2025 was ₹ 2,00,000.

(c) Interest on capital is to be allowed and interest on Drawings is to be charged @ 6% p.a. Drawings for the period were ₹ 36,000.

Prepare Somesh’s Capital Account to be rendered to his executor.

[Ans.: Somesh’s share of Goodwill – ₹ 48,000; Somesh’s share of profit till death – ₹ 22,500; Interest on Capital – ₹ 2,400; Interest on Drawings – ₹ 360; Somesh’s Executors A/c – ₹ 1,39,540.]

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