Question 17 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Posted by By Shubham Sharma 5 Min Read July 13, 2024
Question 17 Chapter 7 of +2- Part
Q-17. - CH-7 - Usha +2 Book 2018 - Solution

Question 17 Chapter 7 of +2-Part-1

17. (Journal/Realisation A/e/Partner’s Capital A/c/Cash A/e) A, B and C decided to dissolve partnership. The position as on 31st December 2015, the date of dissolution was as follows

Liabilities  Rs. Assets  Rs. 
Creditors  2,750 Furniture  50
A’s loan A/c  300 Stock  1,750
Capitals    Debtors  2,400
A 1,000 Bills receivable  300
B 500 Cash  100
C 50    
       
  4,600   4,600

They shared profits and losses in the ratio of A 1/2: B 3/10 and C 1/5. Rs. 200 of the debtors proved bad: the bills receivable were paid in full; the stock realised Rs. 1,700; furniture was taken over by B at book value and the expenses of realisation amounted to Rs. 200.
Close the books of the firm.

We are providing a solution of Question 17 Chapter 7 of +2 Part-1 in two formats. one is in Video format and another is in article format. Check out both formats as follows:

1. Check out the Solution of this question in Video Format:-

The video consists solution of question numbers from 17 to 18 Chapter no. 7 class 12 of Usha publication. To check the direct solution of question no. 17 from the flowing video by using time stamps of the video.

Day 149 Solution of Questions 17 to 18 Dissolution of Partnership Firm Chapter 7 Accounts class 12
Watch this video on YouTube.

2. Check out the Solution of this question in Article Format:-

The solution of Question 17 Chapter 7 of +2 Part-1: –

Realisation A/c
Particulars
 Amount Particulars Amount
To Stock   1,750 By creditors   2,750
To Debtors   2,400 By Bank A/c    
To bills receivable   300 Debtors 2,200  
To Furniture A/c   50 Bills receivable 300  
To Cash     Stock 1,700 4,200
Creditors   2,750 By B’s capital A/c   50
Expenses   200      
           
           
      By capital A/c – loss :    
      A 225  
      B 135  
      C 90 450
    7,450     7,450
Partners’ Capital Account   
Particulars A B C Particulars A B C
To realisation A/c   50   By Balance b/d 1,000 500 50
To realisation A/c 225 135 90 By cash     40
               
               
To Cash A/c 775 315          
  1,000 500 90   1000 500 90
Cash Sheet
Particulars Amount Particulars Amount
To balance b/d   100 By Realisation A/c   2,950
To Realisation A/c   4,200 By A’s capital A/c   775
To C’s capital A/c   40 By B’s capital A/c   315
      By A’s loan A/c   300
           
    4,340     4,340

Comment if you have any questions.

End of Solution

Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 01 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 02 Chapter 7 of +2 Part-1 – USHA Publication

Advertisement-X

Question 03 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 04 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 05 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 06 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 07 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 08 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 09 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Advertisement-Y

Question 10 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 11 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 12 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Advertisement-X

Question 13 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 14 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 15 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 16 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 17 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 18 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 19 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 20 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 21 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 22 Chapter 7 of +2 Part-1 – USHA Publication

Advertisement-X

Question 23 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 24 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Advertisement-Y

Question 25 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 26 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 27 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 28 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 29 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 30 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 31 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 32 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Advertisement-X

Question 33 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 34 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 35 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 36 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 37 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 38 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 39 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Advertisement-Y

Question 40 Chapter 7 of +2 Part – 1 – USHA Publication

Question 41 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 42 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Advertisement-X

Question 43 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 44 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 45 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Thanks for completing the chapter. If you understand the question or we have helped you with your homework, please share our website on your social media. We are delighted to help you out.

Thanks again.

End of Post

Download a PDF of Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm):

If you want to download a PDF of this chapter then you can do it. Check out our PDF file on our Store page.

Download Now From our Store

Chapter-Wise Solution of Usha Publication Accountancy – Part 1 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 1 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 1 – Accounting Not-for-Profit Organisations (Deleted from the Syllabus)

Advertisement-X

Chapter No. 2 – Partnership Accounts – I (Introduction)

Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)

Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)

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)

Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 1 Class 12 by Unimax Publication

Check out Part 2 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 2, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 2 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 2 Class 12 – Session 2024-25 By Usha Publication

Accountancy – Part 2 Class 12 – Session 2024-25 – Solution for free

2. Advanced Accountancy Part 2 Class 12 by Unimax Publication

Advanced Accountancy II Part 2 Class 12 – Solution for free

Advertisement-X

Advertisement

error: Content is protected !!