T.S. Grewal Class 12 Vol 1 2025-2026 Solutions Chapter 6 - Death of a Partner – Detailed Q&A

Q: T.S. Grewal Class 12 Chapter 6 Q.2 - Death of a Partner

Question 2 From the following particulars, calculate the new profit-sharing ratio of the partners: (a) Shiv, Mohan and Hari were partners sharing profits in the ratio of 5 : 5 : 4. Mohan died and his share was taken equally by Shiv and Hari. (b) P, Q and R were partners sharing profits in the ratio of 5 : 4 : 1. P died. Solution (a) Old Ratio (Shiv : Mohan : Hari) = 5 : 5 : 14 total → Mohan’s share = 5/14, taken equally (1 : 1) by Shiv and Hari, i.e. 5/28 each. Shiv’s new share

Q: T.S. Grewal Class 12 Chapter 6 Q.3 - Death of a Partner

Question 3 Keshv, Nirmal and Pankaj are partners sharing profits in the ratio of 5 : 3 : 2. Pankaj died and his share is taken entirely by Keshv. Calculate the new profit-sharing ratio of Keshv and Nirmal. Solution Old Ratio (Keshv : Nirmal : Pankaj) = 5 : 3 : 2. Pankaj’s share (2/10) is acquired entirely by Keshv. Keshv’s new share = 5/10 + 2/10 = 7/10. Nirmal’s new share = 3/10 + 0 = 3/10. New Profit Ratio (Keshv : Nirmal) = 7 : 3

Q: T.S. Grewal Class 12 Chapter 6 Q.4 - Death of a Partner

Question 4 A, B and C were partners sharing profits in the ratio of 4 : 3 : 2. A died, and B and C will share profits in the ratio of 2 : 1. Determine the gaining ratio. Solution Old Ratio (A : B : C) = 4 : 3 : 2 (ninths). New Ratio (B : C) = 2 : 1. Gaining Ratio = New Ratio – Old Ratio: B’s gain = 2/3 – 3/9 = 6/9 – 3/9 = 3/9. C’s gain = 1/3 – 2/9 = 3/9 – 2/9 = 1/9. Gaining Ratio (B : C) = 3 : 1

Q: T.S. Grewal Class 12 Chapter 6 Q.5 - Death of a Partner

Question 5 (a) W, X, Y and Z are partners sharing profits and losses in the ratio of 1/3, 1/6, 1/3 and 1/6. Y died and W, X and Z decide to share profits and losses equally in future. Calculate the gaining ratio. (b) A, B and C are partners sharing profits and losses in the ratio of 4 : 3 : 2. C died. A acquires 4/9 of C’s share and the balance is acquired by B. Calculate the new profit-sharing ratio and gaining ratio. Solution (a) Old Ratio (W : X : Y : Z) = 1/3 : 1/6 : 1/3 : 1/6 = 2 : 1

Q: T.S. Grewal Class 12 Chapter 6 Q.6 - Death of a Partner

Question 6 X, Y and Z were partners in a firm sharing profits in 3 : 2 : 1. The firm closes its books on 31st March every year. Y died on 30th June, 2024. On Y’s death, goodwill of the firm was valued at ₹60,000. Y’s share of profit till the date of death was to be calculated on the basis of the previous year’s profit, which was ₹1,50,000. Pass the necessary Journal entries for goodwill and Y’s share of profit at the time of death. Solution JOURNAL DatePartic

Q: T.S. Grewal Class 12 Chapter 6 Q.7 - Death of a Partner

Question 7 P, R and S are in partnership sharing profits 4/8, 3/8 and 1/8 respectively. The Partnership Deed provides that on the death of any partner, his share of goodwill is to be valued at one-half of the net profit credited to his account during the last four completed years. R died on 1st January, 2025. The firm’s profits for the last four years ended 31st December were: 2021 – ₹1,20,000; 2022 – ₹80,000; 2023 – ₹40,000; 2024 – ₹80,000.

Q: T.S. Grewal Class 12 Chapter 6 Q.8 - Death of a Partner

Question 8 P, Q and R were partners sharing profits in the ratio of 3 : 2 : 1. P dies, and the new profit-sharing ratio of Q and R is agreed to be equal. On P’s death, goodwill of the firm was valued at ₹60,000. Pass the necessary entries for the treatment of goodwill under the following conditions: (a) Goodwill does not exist in the books; (b) Goodwill exists in the books at ₹30,000. Solution (a) When goodwill does not exist in the books JOURNAL DateParticularsL.F.Dr. (&#8377

Q: T.S. Grewal Class 12 Chapter 6 Q.9 - Death of a Partner

Question 9 Dinkar, Navita and Vani were partners sharing profits and losses in the ratio of 3 : 2 : 1. Navita died on 30th June, 2024. Her share of profit for the intervening period was based on the sales during that period, which were ₹6,00,000. The rate of profit during the past four years had been 10% on sales. The firm closes its books on 31st March every year. Calculate Navita’s share of profit. (CBSE 2019, Modified) Solution Sales during the period (1st April, 2024 to 30th June

Q: T.S. Grewal Class 12 Chapter 6 Q.10 - Death of a Partner

Question 10 Juhi, Riya and Pari are partners sharing profits and losses in the ratio of 3 : 2 : 1. Riya died on 30th June, 2024. For the year ended 31st March, 2025, the proportionate profit of 2024 is to be taken into consideration. During the year ended 31st March, 2024, bad debts of ₹2,000 had to be adjusted. Profit for the year ended 31st March, 2024 was ₹14,000 before adjustment of bad debts. Calculate Riya’s share of profit till the date of her death. Solution Annual net

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T.S. Grewal Class 12 Chapter 6 Q.1 - Death of a Partner

Question 1

Deepak, Ram and Saurav were partners sharing profits in the ratio of 1/2, 2/5 and 1/10. Find the new ratio of the remaining partners if Saurav dies.

Solution

Old Ratio (Deepak : Ram : Saurav) = 1/2 : 2/5 : 1/10 = 5 : 4 : 1. Since no information is given about how Deepak and Ram acquire Saurav’s share, the new ratio is found simply by removing Saurav’s share.

New Profit Ratio (Deepak : Ram) = 5 : 4

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T.S. Grewal Class 12 Vol 1 2025-2026 Solutions Chapter 6 - Death of a Partner

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💡 Double Entry Accounting Principles

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