Скачать или смотреть Dissolution of Partnership Firm (Important Questions Series) T.S.Grewal Class 12th Accounts Que-26

Dissolution of Partnership Firm (Important Questions Series) T.S.Grewal Class 12th Accounts Que-26 Session 2025-26

Instagram Link :

https://www.instagram.com/manojsharma...

26. Bale and Yale are equal partners of a firm. They decide to dissolve their partnership on 31st March, 2025 at which date their Balance Sheet stood as:

Liabilities

₹

Assets

₹

Capital A/cs:

Building

45,000

Bale

50,000

Machinery

15,000

Yale

40,000

90,000 Furniture

8,000

Debtors

12,000

General Reserve

3,000

Stock

8,000

Loan by Bale

14,000

Bank

24,000

Creditors

1,15,000

11,000

1,15,000

(a) The assets realised were:

Stock 22,000; Debtors 7,500; Machinery 16,000; Building 35,000.

(b) Yale took Furniture at 9,000.

(c) Bale agreed to accept 2,500 in settlement of his Loan Account.

(d) Dissolution Expenses were ₹2,500.

Prepare the:

(i) Realisation Account;

(ii) Capital Accounts of Partners;

(iii) Loan by Bale Account;

(iv) Bank Account.