[CBSE] Q. 35 Death of Partner Solution TS Grewal Class 12 (2026-27)

Solution of Question number 35 of the Death of Partner Chapter of TS Grewal Book 2026-27 Edition CBSE Board.

Ajay, Vijay and Sanjay were partners in a firm sharing profits in the ratio of 5: 3: 2. Ajay died on 20th February, 2026. The Balance Sheet of the firm on that date was as follows:

Liabilities	₹	Assets	₹
Creditors	19,000	Machinery	41,000
General Reserve	20,000	Furniture	6,000
Loan by Ajay	7,000	Stock	9,000
Capital A/cs: Ajay Vijay Sanjay	12,000 16,000 10,000	Debtors	15,000
		Cash	3,000
		Profit & Loss A/c	10,000
	84,000		84,000

According to the Partnership Deed, on the death ofa partner,the executor of the deceased partner willbe entitled to:

(i) Balance in Capital Account.
(ii) His share in profit/loss on revaluation of assets and reassessment of liabilities which wereas follows:

(a) Machinery is to be revalued at 45,000 and furniture at ₹ 7,000.

(b) A provision of 10% was to be created for Doubtful Debts.

(iii) The amount payable to Ajay was transferred to his Executors’ Loan Account which was to be paid later.

Prepare Revaluation Account, Partners’ Capital Accounts, Ajay’s Executors’ Account and the Balance Sheet of Vijay and Sanjay who decided to continue the business keeping their capital balances in their new profit-sharing ratio. Surplus or deficit was to be transferred to Current Accounts of the partners.

[Ans.: Revaluation Profit— 3,500;Ajay’s Executors Loan- 25,750; Partners’ Capital Account Balances: Vijay— 19,650; Sanjay—₹ 13,100; Current Account Balances: Vijay— 400 (Cr.); Sanjay—₹ 400 (Dr.); Total of Balance Sheet-77,900.]

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