[ISC] Q. 10 solution of Dissolution of Partnership Firm Chapter TS Grewal Book Class 12 (2022-23)
Are you looking for the solution to Question number 10 of the Dissolution of Partnership Firm Chapter of TS Grewal Book 2022-23 Edition for the ISC Board?
Dipali and Rajashri are partners in a firm sharing profits and losses in the ratio of 3 : 2. They decided to dissolve their firm on 31st March, 2022, when their Balance Sheet was as follows:
| Liabilities | ₹ | Assets | ₹ |
| Capital A/cs: Dipali Rajashri Sundry Creditors Profit and Loss A/c | 17,500 10,000 2,000 1,500 | Freehold Property Investments Sundry Debtors Stock Bank Cash | 16,000 4,000 2,000 3,000 2,000 4,000 |
| 31,000 | 31,000 |
The partners decided to dissolve the firm on the above date. Dipali took the investments at an agreed value of ₹ 3,800. Other assets were realised as follows:
Freehold Property ₹ 18,000; Sundry Debtors ₹ 1,800; Stock ₹ 2,800.
Creditors of the firm agreed to accept 5% less. Expenses on Realisation on assets were ₹ 400. There was a printer in the firm which was not shown in the above Balance Sheet. The Printer is now sold for ₹ 1,000.
Prepare Realisation Account, Partner’s Capital Accounts and Bank Account.
Solution:-
Here is the list of solutions
| S.N | Solutions |
| 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 | Solutions |
| 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 |
| S.N | Solutions |
| 21 | Question – 21 |
| 22 | Question – 22 |
| 23 | Question – 23 |
| 24 | Question – 24 |
| 25 | Question – 25 |
| 26 | Question – 26 |
| 27 | Question – 27 |
| 28 | Question – 28 |
| 29 | Question – 29 |
| 30 | Question – 30 |
| 31 | Question – 31 |
