[CBSE] Q 53 DK Goel Dissolution of a Partnership Firm Solutions Class 12 (2024-25)

Solution of Question number 53 of Dissolution of a Partnership Firm chapter 5 of DK Goel Class 12 CBSE (2024-25)

Q. 53. Susan, Geeta and Rashi are partners sharing profits and losses in the ratio of 5 : 3 : 2. Their Balance Sheet as at 31st March, 2017, is as under:

Balance Sheet of Susan, Geeta and Rashi
as at 31st March, 2017

Sundry Creditors	50,000	Cash at Bank	70,000
Workmen Compensation Reserve	25,000	Sundry Debtors 65,000 Less: Provision for Doubtful Debts (5,000)	60,000
Employees Provident Fund	5,000	Goodwill	50,000
Bank Loan	55,000	Furniture	1,00,000
Capital A/cs Susan Geeta Rashi	2,20,000 1,70,000 1,35,000	Building	3,80,000
	6,60,000		6,60,000

The partners decided to dissolve their partnership on 31st March, 2017.

The following transactions took place at the time of dissolution:

(a) Realization expenses of ₹ 2,000 were paid by Susan on behalf of the firm.

(b) Geeta took over the goodwill for her own business at ₹ 40,000.

(c) Building was taken over by Rashi at ₹ 3,00,000.

(d) Only 80% of the debtors paid their dues.

(e) Furniture was sold for ₹ 97,000.

(f) Bank Loan was settled along with interest of ₹ 5,000.

You are required to prepare the Realization Account.

[Ans. Loss on Realisation ₹ 1,08,000.]

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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2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
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51	Question – 51
52	Question – 52
53	Question – 53
54	Question – 54
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