[CBSE] Q 47 DK Goel Dissolution of a Partnership Firm Solutions Class 12 (2024-25)

Solution of Question number 47 of Dissolution of a Partnership Firm chapter 5 of DK Goel Class 12 CBSE (2024-25)

Q. 47. Arnab, Ragini and Dhrupad were partners sharing profits in the ratio of 3 : 1 : 1. On 31st March, 2023, they decided to dissolve their firm. On that date their Balance Sheet was as under:

Balance Sheet of Arnab, Ragini and Dhrupad
at at 31st March, 2023

Liabilities	₹	Assets	₹
Creditors	60,000	Bank	50,000
Arnab’s Brother’s Loan	95,000	Debtors1,70,000 Less: Provision for Bad Debts 20,000	1,50,000
Dhrupad’s Loan	1,00,000	Stock	1,50,000
Investment Fluctuation Fund	50,000	Investments	2,50,000
Capitals: Arnab Ragini Dhrupad	2,75,000 2,00,000 1,70,000	Building	3,00,000
		Profit and Loss Account	50,000
	9,50,000		9,50,000

The assets were realised and the liabilities were paid as under:

(I) Arnab agreed to pay his brother’s loan

(ii) Debtors realised at 30% less

(iii) Creditors were paid at 10% less.

(iv) Building was auctioned for ₹ 3,55,000. Commission on auction was ₹ 4,000.

(v) 50% of the stock was taken over by Ragini at market price which was 20% less than the book value and the remaining was sold at market price.

(vi) Dissolution expenses were ₹ 8,000. ₹ 3,000 were to be borne by the firm and the balance by Dhrupad. The expenses were paid by him.

Prepare Realisation Account, Bank Account and Partner’s Capital Accounts.

[Ans. Gain on Realisation ₹ 43,000; Final Payment : Arnab ₹ 3,65,800; Ragini ₹ 1,38,600 and Dhrupad ₹ 1,71,600; Total of Bank A/c ₹ 8,30,000.]

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

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11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
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16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

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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