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[ISC] Q. 28 Solution of Dissolution of Partnership Firm TS Grewal ISC 2023-24 Edition

Question 28 of 31Chapter 6Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 28, Chapter 6 Dissolution of Partnership Firm, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 28

M and N were partners sharing profits in the ratio of 3 : 2. On the date of dissolution, their capitals were: M ₹ 76,500; N ₹ 43,000. The creditors were ₹ 2,75,000. The Balance of bank was ₹ 7,600. The assets realised ₹ 2,54,300.

The expenses on dissolution were ₹ 15,400.

Close the books of the firm showing Realisation Account, Partners’ Capital Accounts and Bank Account.

TS Grewal Class 12 Dissolution of Partnership Firm Question 28

Solution

Solution of Q 28 Dissolution of Partnership Firm TS Grewal 2023-24 part 1
Solution of Q 28 Dissolution of Partnership Firm TS Grewal 2023-24 part 2
Stuck on this chapter?Watch it explained in the Class 12 Accounts video courseEvery chapter, step by step, by Vijay Adarsh (23 years teaching).Watch free demo
Solution of Q 28 Dissolution of Partnership Firm TS Grewal 2023-24 part 3
Solution of Q 28 Dissolution of Partnership Firm TS Grewal 2023-24 part 4
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About this solution

This is Chapter 6 Dissolution of a Partnership Firm of ISC TS Grewal Edition 2023-24.

Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.

We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.

Also, we have followed the proper format and workings which are required as per Guidelines Issued by the ISC Council. Just follow our presentation of solutions and score good marks in Accountancy Exam.

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