Скачать или смотреть Day 158 Solution of Questions 34 to 35 Dissolution of Partnership Firm Chapter 7 Accounts class 12

Teacher:- Mr. Sarbjit Singh
Video Editor:- Mr. Kuljeet Singh

00:00 Question No. 34:
Deepali and Rajshree are partners in a firm sharing profits and in the ratio of 3: .2 They decided to dissolve their firm on 31st December 2019, when their balance sheet was under
The partners decide to dissolve the firm on the above date. Dipali took over the investment at an agreed value of Rs. 3,800. Other assets were realized as follows Freehold property Rs. 18,000 Sundry debtors Rs. 1,800; Stock RS. 2,800.
Creditors of the firm agreed to accept 5% less. Expenses of realisation of assets amounted to Rs. 400. There was a writer in the firm, which was bought out of firm's money was not shown in the above balance sheet. The typewriter is now sold for Rs. 1,000.
Close the firms books of accounts by preparing a realisation account, partners capitals accounts and bank account


13:00 Question No. 35:
Bhuvan, Suraj and Ibrahim were partners in a firm sharing profits in the ratio of 3 : 2 : 1. On 30th June, 2015, they decided to dissolve firm. Following was the Balance Sheet of the firm on that date:
The assets were realised and the liabilities were paid off as follows:
(a) Investments were taken over by Bhuvan for 18,000.
(b) Stock was taken over by Suraj for 17,500 and Furniture was taken over by Ibrahim at book value.
(c) 60,500 were realised from the debtors.
(d) Creditors were settled in full and realisation expenses were 4,500.
Prepare Realisation Account, Cash Account and Partners' Capital Accounts.

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