[CBSE] Q 45 DK Goel Dissolution of a Partnership Firm Solutions Class 12 (2024-25)

Solution of Question number 45 of Dissolution of a Partnership Firm chapter 5 of DK Goel Class 12 CBSE (2024-25)

Q. 45. Sanjay and Sameer were partners in a firm sharing profits in the ratio of 2 : 3. On 31.3.2023 their Balance Sheet was as follows:

Balance Sheet of Sanjay and Sameer
as at 31.3.2023

Liabilities	₹	Assets	₹
Capitals: Sanjay Sameer		Land and Building	3,00,000
Creditors		Stock	1,00,000
Workmen Compensation Reserve		Debtors	1,50,000
		Bank	1,55,000
	7,05,000		7,05,000

The firm was dissolved on 1.4.2023 and the assets and liabilities were settled as follows:

(I) Sanjay agreed to take over land and building at ₹ 3,50,000 by paying cash;

(ii) Stock was sold for ₹ 90,000;

(iii) Creditors accepted Debtors in full settlement of their claim.

Pass necessary journal entries for dissolution of the firm.

[Ans. Final payment to Sanjay ₹ 2,38,000 and Sameer ₹ 3,57,000.]

Solution:-

Working Notes:-

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

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21	Question – 21
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24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29
30	Question – 30

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31	Question – 31
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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
49	Question – 49
50	Question – 50

S.N	Questions
51	Question – 51
52	Question – 52
53	Question – 53
54	Question – 54
55	Question – 55
56	Question – 56
57	Question – 57
58	Question – 58
59	Question – 59
60	Question – 60