[ISC] Q. 7 solution of Dissolution of Partnership Firm Chapter TS Grewal Book Class 12 (2022-23)
Are you looking for the solution to Question number 7 of the Dissolution of Partnership Firm Chapter of TS Grewal Book 2022-23 Edition for the ISC Board?
Balance Sheet of a firm as at 31st March, 2022 was as under:
| Liabilities | ₹ | Assets | ₹ |
| Simran’s Capital Pooja’s Capital Shweta’s Capital Sundry Creditors Profit & Loss A/c | 50,000 40,000 30,000 20,000 15,000 | Machinery Investments Sundry Debtors Cash at Bank Stock | 80,000 20,000 10,000 30,000 15,000 |
| 1,55,000 | 1,55,000 |
The partnership was dissolved on the above date. You are given following information about dissolution:
(i) Simran took investments at 5% less than the book value.
(ii) Other Assets realised as follows:
Machinery ₹ 90,000; Debtors ₹ 9,000 and Stock ₹ 14,000.
(iii) Creditors were paid at a discount of 5%.
(iv) Dissolution expenses amounted to ₹ 2,000.
You are required to prepare:
(a) Realisation Account,
(b) Capital Accounts of the partners, and
(c) 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 |
