[CBSE] Q. 35 Dissolution of Partnership Firm Solution TS Grewal Class 12 2024-25

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Solution to Question number 35 of the Dissolution of Partnership Firm Chapter of TS Grewal Book 2024-25 Edition for the CBSE Board.

Yogesh and Naresh were partners sharing profits equally. They dissolved the firm on 1st April, 2023. Naresh was assigned the responsibility to realise the assets and pay the liabilities at a remuneration of ₹ 10,000 including expenses. Balance Sheet of the firm as on that date was as follows:

Solution:-

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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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2 Comments

  1. “Hello, I am an accounts tuition teacher. I found a mistake in your answer: you added a debtor amount of 40,000, but the book value is 73,400, so it should be changed to 73,400. Additionally, there is no bill payable mentioned in the question.”

    • Corrected, I by mistake posted the solution of the previous year question. this year cbse has removed bills of exchange chapter from class 11. thus all bills receivable and bills payable terms has been removed from class 12th book. by the way, thanks for informing.

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