[CBSE] Q 36 DK Goel Dissolution of a Partnership Firm Solutions Class 12 (2024-25)
Solution of Question number 36 of Dissolution of a Partnership Firm chapter 5 of DK Goel Class 12 CBSE (2024-25)
Q. 36. Harish and Gopal were partners in a firm sharing profits in the ratio of 3 : 2. On 31st March, 2024, their Balance Sheet was as follows:
Balance Sheet of Harish and Gopal
as at March, 31, 2024
| Liabilities | ₹ | Assets | ₹ |
| Creditors | 36,000 | Cash | 47,000 |
| Outstanding Expenses | 10,000 | Bank | 93,000 |
| Gopal’s Wife’s Loan | 50,000 | Investments | 76,000 |
| Capitals Harish Gopal | 2,80,000 1,60,000 | Stock | 2,00,000 |
| Furniture | 20,000 | ||
| Leasehold Premises | 1,00,000 | ||
| 5,36,000 | 5,36,000 |
On the above date the firm was dissolved. Various assets were realized and liabilities were settled as under:
(I) Gopal agreed to pay his wife’s loan.
(ii) Leasehold premises realised ₹ 1,38,000.
(iii) Half of the creditors agreed to accept furniture of the firm as full settlement of their claim and remaining half agreed to accept 10% less.
(iv) 50% stock was taken over by Harish on payment by cheque of ₹ 90,000 and remaining stock was sold for ₹ 94,000.
(v) Realization expenses of ₹ 10,000 were paid by Gopal on behalf of the firm.
Prepare Realization Account.
[Ans. Gain on Realisation ₹ 11,800.]
Solution:-
Here are the solutions of Dissolution of a Partnership Firm chapter 5 of DK Goel Class 12 CBSE (2024-25)
| 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 |
