[CBSE] Q. 30 Solution of Dissolution of Partnership Firm Chapter TS Grewal Class 12 (2023-24)
Are you looking for the solution to Question number 30 of the Dissolution of Partnership Firm Chapter of TS Grewal Book 2023-24 Edition for the CBSE Board?
Shilpa, Meena and Nanda decided to dissolve their partnership on 31st March, 2023. Their Profit sharing ratio was 3 : 2 : 1 and their Balance Sheet was as under:
Balance Sheet of Shilpa, Meena and Nanda as on 31st March, 2023
| Liabilities | ₹ | Assets | ₹ |
| Capital A/cs: Shilpa Meena Bank Loan Creditors Provision for Doubtful Debts General Reserve | 80,000 40,000 20,000 37,000 1,200 12,000 | Land Stock Debtors Nanda’s Capital Cash | 81,000 56,760 18,600 23,000 10,840 |
| 1,90,200 | 1,90,200 |
It is agreed as follows:
The stock of value of ₹ 41,660 are taken over by Shilpa for ₹ 35,000 and she agreeed to pay bank loan. The remaining stock was sold at ₹ 14,000 and debtors amounting to ₹ 10,000 realised ₹ 8,000. Land is sold for ₹ 1,10,000. The remaining debtors realised 50% at their book value. Cost of realisation amounted to ₹ 1,200. There was a typewriter not recorded in the books worth of ₹ 6,000 which were taken over by one of the Creditors at this value. Prepare Realisation Account, Partner’s Capital Accounts and Cash Account to close the books of the firm.
[Ans.: Gain (Profit) on Realisation – ₹ 20,940; Final Payments: Shilpa – ₹ 81,470; Meena – ₹ 50,980; Amount brought in by Nanda – ₹ 17,510. Total of Cash Account – ₹ 1,64,650.]
Solution:-
Here is the list of solutions
| 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 |
| 37 | Question – 37 |
| 38 | Question – 38 |
| 39 | Question – 39 |
| 40 | Question – 40 |
| S.N | Questions |
| 41 | Question – 41 |
| 42 | Question – 42 |
| 43 | Question – 43 |
| 44 | Question – 44 |
| 45 | Question – 45 |
| 46 | Question – 46 |
| 47 | Question – 47 |
| 48 | Question – 48 |
| 49 | Question – 49 |
| 50 | Question – 50 |
Class 12 ts grewal book 2023-24 chapter 7 (Dissolution) Q-30 totalling of cash Account is not matching.
Fix it ASAP.
thanks for ur time.
Corrected, Land amount was missing. thanks for informing.