[CBSE] Q. 42 Solution of Dissolution of Partnership Firm Chapter TS Grewal Class 12 (2023-24)
Are you looking for the solution to Question number 42 of the Dissolution of Partnership Firm Chapter of TS Grewal Book 2023-24 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 – ₹ 53,500.]
Solution:-
Here is the list of solutions
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| 41 | Question – 41 |
| 42 | Question – 42 |
| 43 | Question – 43 |
| 44 | Question – 44 |
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| 48 | Question – 48 |
| 49 | Question – 49 |
| 50 | Question – 50 |
