Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm) – Unimax Publications Class 12 – Solutions 

Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm) – Unimax Publications Class 12 – Solutions to all practical problems. First, we will clarify the meaning of the term Retirement of A Partner shown as follows: 

The dissolution of a Partnership firm means termination of the relationship between the partners but when there is the termination of the relationship between all partners then this situation is known as a Dissolution of Firm.

Meaning of Dissolution of a Partnership Firm: –

Dissolution of a Partnership Firm means the discontinuation of the operation of the firm or Closing down or wound up the operation of the Partnership Firm. In this situation, all assets of the firm will be sold, all liabilities paid off and the balance of capital and current account will be adjusted with the available cash balance(if any).

According to Section 39 of the Indian Partnership Act, 1932: –

“Dissolution of the firm means dissolution of partnership among all the partners in the firm.” 

For more Explanation please check out the following link: –

Read out the full article

Dissolution of a Partnership Firm – its Methods

Also, Check out the same article in Hindi from the following link

Dissolution of a Partnership Firm – its Methods – in Hindi

Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm) – Unimax Publications Class 12 – Solutions 

Question wise solutions of the all Questions of Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm) – Unimax Publications Class 12 – Solutions are shown below: –

Accountancy – Unimax Class 12 Part 1 – 2021 – Solution.

• Chapter No. 1 – Accounts of Non-Profit Organisations
• Chapter No. 2 – Partnership Accounts – I (Basic Concepts)
• Chapter No. 3 – Partnership Accounts – II (Goodwill)
• Chapter No. 4 – Partnership Accounts – III (Change in Profit Sharing Ratio among Existing Partners)
• Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
• Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
• Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

Accountancy – Unimax Class 12 Part 2 – 2021 – Solution.

• Chapter No. 1 – Share Capital 
• Chapter No. 2 – Debentures 
• Chapter No. 3 – Financial Statements of A Company (Balance Sheet Only)
• Chapter No. 4 –  Analysis of Financial Statements 
• Chapter No. 5 – Ratio Analysis
• Chapter No. 6 –  Cash Flow Statement

Check out Other Publishers’ Book’s Solution: 

Class +2 – Accounting Books solutions for free

Usha Publication – Accountancy PSEB – Class 12 – Part -1 – Solution

Usha Publication – Accountancy PSEB – Class 12 – Part II – Solution

T.S. Grewal’s Book Keeping +2 Part – A Vol. I – Solution

T.S. Grewal’s Book Keeping +2 Part – A Vol. II – Solution

T.S. Grewal’s Book Keeping +2 Part – B – Solution