Q.35 Solution Death of a Partner TS Grewal Book Class 12 CBSE
Step-by-step solution of Question 35, Chapter 6 Death of a Partner, TS Grewal Class 12 Accountancy 2024-25 for the CBSE Board.
Question 35
Ramesh, Suresh and Dinesh were partners sharing profits and losses in the ratio of 3 : 2 : 1. Dinesh died on 1st May, 2023 on which date the capitals of Ramesh, Suresh and Dinesh after all necessary adjustments stood at ₹ 1,20,000, ₹ 80,000 and ₹ 50,000 respectively. Ramesh and Suresh decide to carry on the business for 8 months without settling the account of Dinesh. During the period of 8 months ended 31st December, 2023, profit of ₹ 40,000 is earned by the firm.
State which of the two options available with Dinesh’s Executor under Section 37 of the Indian Partnership Act, 1932 should be exercised.
Also calculate the total amount payable to Dinesh’s Executor if Ramesh and Suresh clear the dues of Dinesh on 31st December, 2023.
Solution
All questions of Chapter 6
Orange = this question · Grey = already opened.
About this solution
Looking for the Q.35 Solution Death of a Partner TS Grewal Class 12 Accountancy book for the 2024-25 CBSE syllabus? You’ve come to the right place!
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We’ve used the correct format and steps required by CBSE guidelines. Simply follow our solutions, and you’ll be well-prepared to score good marks in your Accountancy Board Exam.
Don’t forget to bookmark this page and share it with your classmates who are also looking for reliable TS Grewal solutions for the 2024-25 academic year.
Stuck on this question? Ask Vijay Sir
Be the first to ask on this question.