[CBSE] Q. 40 Dissolution of Partnership Firm Solution TS Grewal Class 12 2024-25

Solution to Question number 40 of the Dissolution of Partnership Firm Chapter of TS Grewal Book 2024-25 Edition for the CBSE Board.

Raina and Meenu were partners in a firm which they dissolved on 31st March, 2023. On this date, Balance Sheet of the firm, apart from realisable assets and outside liabilities showed the following:

Raina’s Capital	40,000 (Cr.)
Meena’s Capital	20,000 (Dr.)
Profit & Loss Account	10,000 (Dr.)
Raina’s Loan to the Firm	15,000
General Reserve	7,000

On the date of dissolution of the firm:

(a) Raina’s loan was repaid by the firm along with interest of ₹ 500.

(b) Dissolution expenses of ₹ 1,000 were paid by the firm on behalf of Raina.

(c) An unrecorded asset of ₹ 2,000 was taken by Meena while Raina paid an unrecorded liability of ₹ 3,000.

(d) Dissolution resulted in a loss of ₹ 60,000 from the realisation of assets and settlement of liabilities.

You are required to prepare Partner’s Capital Accounts.

[Ans.: Final Payment to Raina – ₹ 10,500; Amount brought by Meena –

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
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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