[CBSE] Q 42 DK Goel Dissolution of a Partnership Firm Solutions Class 12 (2024-25)
Solution of Question number 42 of Dissolution of a Partnership Firm chapter 5 of DK Goel Class 12 CBSE (2024-25)
Q. 42. The partnership between X and Y was dissolved on March 31, 2022. On that date their respective credits to the Capitals were ₹ 1,50,000 and ₹ 10,000. ₹ 1,20,000 were due to creditors. ₹ 60,000 were due for Bank Loan and Reserve has been maintained for ₹ 20,000. X and Y shared profits in the ratio of 4 : 1. Cash balance of ₹ 18,000 was also kept in the firm. Assets realised ₹ 3,02,000. Prepare Memorandum Balance Sheet, Realisation Account; Partner’s Capital Accounts and Cash Account.
[Ans. Book value of assets (other than Cash) ₹ 3,42,000; Loss on Realisation ₹ 40,000; Final Payment to X ₹ 1,34,000 and Y ₹ 6,000. Total of Cash Account ₹ 3,20,000.]
Solution:-
Here are the solutions of Dissolution of a Partnership Firm chapter 5 of DK Goel Class 12 CBSE (2024-25)
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| 11 | Question – 11 | |
| 12 | Question – 12 | |
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| 31 | Question – 31 | |
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| 33 | Question – 33 | |
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| 35 | Question – 35 | |
| 36 | Question – 36 | |
| 37 | Question – 37 | |
| 38 | Question – 38 | |
| 39 | Question – 39 | |
| 40 | Question – 40 |
