Q. 16 solution of Dissolution of Partnership Firm Chapter TS Grewal Book Class 12 2021-22
Are you looking for the solution of Question number 16 of the Dissolution of Partnership Firm Chapter of TS Grewal Book 2021-22 Edition for the 2021-22 session?
Question number 16 of the Dissolution of Partnership Firm chapter is a practical one.
Solution of Question Number 16 of Dissolution of Partnership Firm Chapter of TS Grewal Book 2021-22 Class 12
Question – 16
Pass Journal entries for payment of following unrecorded liabilities on the dissolution of a firm of partners Shiv and Mohan.
a) There was a contingent liability in respect of bills discounted but not matured of ₹ 18,500. An acceptor of one bill of ₹2,500 became insolvent and fifty paise in a rupee was recovered. The liability of the firm on account of this bill discounted and dishonored has not so far been recorded.
b) There was a contingent liability in respect of a claim for damages for ₹75,000, such liability was settled for ₹50,000 and paid by the partner Shiv.
c) Firm will have to pay ₹10,000 as compensation to an injured employee, which was a contingent liability not accepted by the firm.
d) ₹5,000 for damages claimed by a customer has been disputed by the firm. It was settled at 70% by a compromise between the customer and the firm.
Solution:-
Here is the list of solutions
| S.N | Link to Solution |
| 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 |
| 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 |
| 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 |
| S.N | Link to Solution |
| 31. | Question – 31 |
| 32. | Question – 32 |
| 33. | Question – 33 |
| 34. | Question – 34 |
| 35. | Question – 35 |
| 36. | Question – 36 |
| 37. | Question – 37 |
| 38. | Question – 38 |
| 39. | Question – 39 |
| 40. | Question – 40 |
