Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm) – USHA Publication Class +2 – Solution

The Dissolution of Partnership Firm – USHA chapter explain the meanig of dissolution or partnership and provide many questions. So the Dissolution of 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 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.” 

Check out the full article: –

Dissolution of a Partnership Firm – its Methods

Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm) – USHA Publication Class +2 – Solution

Question wise solution of the all Questions of Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm) – USHA Publication Class +2 – Solutions are shown below: –

Question 01 Chapter 7 of +2- Part
Question 01 Chapter 7 of +2-Part-1 01.(goodwill does not appear in books ) A & B are partners . They ...
Show Full Solution
Question 02 Chapter 7 of +2-Part-1 2. (Realisation Entries) Journalise the following in the books of firm. Realisation expenses met ...
Show Full Solution
Question 03 Chapter 7 of +2- Part
Question 03 Chapter 7 of +2-Part-1 3. (Realisation Entries) Pass the necessary Journal Entries for the following transactions c the ...
Show Full Solution
Question 04 Chapter 7 of +2- Part
Question 04 Chapter 7 of +2-Part-1 4. (Journal Entries) A firm of partner C and D sharing profits in 3:2 ...
Show Full Solution
Question 05 Chapter 7 of +2- Part
Question 05 Chapter 7 of +2-Part-1 5. (Journal Entries) Pass the required journal entry for each of the following cases ...
Show Full Solution
Question 06 Chapter 7 of +2- Part
Question 06 Chapter 7 of +2-Part-1 6. (Unrecorded Liabilities) Pass journal entries in following cases:(a) Unrecorded liability for wages Rs.1,800 ...
Show Full Solution
Question 07 Chapter 7 of +2- Part
Question 07 Chapter 7 of +2-Part-1 7. (Unrecorded Liabilities) On 31 March a firm of partner X and A was ...
Show Full Solution
Question 08 Chapter 7 of +2- Part
Question 08 Chapter 7 of +2-Part-1 8. (Journal Entries) What journal entries would you pass for the following transactions on ...
Show Full Solution
Question 09 Chapter 7 of +2- Part
Question 09 Chapter 7 of +2-Part-1 9. (Realisation Entries) Pass Journal Entries for the following transactions at the time of ...
Show Full Solution
Question 10 Chapter 7 of +2- Part
Question 10 Chapter 7 of +2-Part-1 10. (Realisation Entries) Pass journal entries :(a) On dissolution a machine of Rs. 8,000 ...
Show Full Solution
Question 11 Chapter 7 of +2- Part
Question 11 Chapter 7 of +2-Part-1  11. (Realisation Entries) A and B were partners in a firm sharing profit in ...
Show Full Solution
Question 12 Chapter 7 of +2- Part
Question 12 Chapter 7 of +2-Part-1 12 (Journal Entries) What journal entries will be passed for the following transactions on ...
Show Full Solution
Question 13 Chapter 7 of +2- Part
Question 13 Chapter 7 of +2-Part-1 13. (Realisation Account) Maninder, Jatinder and Rupinder are partners in the firm sharing profits ...
Show Full Solution
Question 14 Chapter 7 of +2- Part
Question 14 Chapter 7 of +2-Part-1 14. (Realisation A/c/Partner's Capital Ne/Cash A/e) A, B and C are partners sharing Profits ...
Show Full Solution
Question 15 Chapter 7 of +2- Part
Question 15 Chapter 7 of +2-Part-1 15. (Realisation A/c/GST) Following is the Balance Sheet of Rama and Krishna who are ...
Show Full Solution
Question 16 Chapter 7 of +2- Part
Question 16 Chapter 7 of +2-Part-1 16. (Journal/Realisation A/c/Capital A/c/Cash A/c) Thapa and Sudarshan are partners sharing profits and losses ...
Show Full Solution
Question 17 Chapter 7 of +2- Part
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 ...
Show Full Solution
Question 18 Chapter 7 of +2- Part
Question 18 Chapter 7 of +2-Part-1 18. (Realisation A/c/Partner's Capital A/e) X. Y and Z are three partners. Their sharing ...
Show Full Solution
Question 19 Chapter 7 of +2- Part
Question 19 Chapter 7 of +2-Part-1 19. (Realisation A/e/Partner's Capital A/e/Cash A/e) X, Y and Z Captal500 15,000Castion were in ...
Show Full Solution
Question 20 Chapter 7 of +2- Part
Question 20 Chapter 7 of +2-Part-1 20. (Realisation A/c/Partner's Capital A/c/Cash A/c) Anju and Manju were trading an a firm ...
Show Full Solution
Question 21 Chapter 7 of +2- Part
Question 21 Chapter 7 of +2-Part-1 21. (Realisation A/c/Bank A/c/Capital A/e) A and B are partners in 2:1 ratio. They ...
Show Full Solution
Question 22 Chapter 7 of +2-Part-1 22. (Realisation A/e/Bank A/c/Capital A/e) X, Y and 2 were in partnership 7.2 1 ...
Show Full Solution
Question 23 Chapter 7 of +2- Part
Question 23 Chapter 7 of +2-Part-1 23. (Realisation A/c/Partner's Capital A/e) Cloud, Storm and Rain were partners in a firm ...
Show Full Solution
Question 24 Chapter 7 of +2- Part
Question 24 Chapter 7 of +2-Part-1 24. (Realisation A/c/Partner's Capital A/c/Cash A/e) A, B and C were sharing profits & ...
Show Full Solution
Question 25 Chapter 7 of +2- Part
Question 25 Chapter 7 of +2-Part-1 25. (Asset taken over by Partners/Realisation A/c/Partner's Capital A/c/Cash A/e) A, B and C ...
Show Full Solution
Question 26 Chapter 7 of +2- Part
Question 26 Chapter 7 of +2-Part-1 26. (Realisation A/c/Partner's Capital A/c/Cash A/e) L, M and N were partners in a ...
Show Full Solution
Question 27 Chapter 7 of +2- Part
Question 27 Chapter 7 of +2-Part-1 27. (Asset & Liability taken over by Partner/Ledger A/c) X and Y are sharing3:2 ...
Show Full Solution
Question 28 Chapter 7 of +2- Part
Question 28 Chapter 7 of +2-Part-1 28. (Realisation A/c/Cash A/c/Sundry Creditors Ale/Partner's Capital Ae) is the Balance sheet of A ...
Show Full Solution
Question 29 Chapter 7 of +2- Part
Question 29 Chapter 7 of +2-Part-1 29. (Realisation A/c/Capital A/c/Bank Ne/Provision for Doubtful Debts/GST Arjun and Bhim are partners in ...
Show Full Solution
Question 30 Chapter 7 of +2- Part
Question 30 Chapter 7 of +2-Part-1 30. (Realisation A/c/Capital A/e's/Bank A/e) The Balance sheet of A, B and C sharing ...
Show Full Solution
Question 31 Chapter 7 of +2- Part
Question 31 Chapter 7 of +2-Part-1 31. (Realisation A/c/Capital A/c's/Bank A/e) Following was the Balance Sheet of Fox Wolf as ...
Show Full Solution
Question 32 Chapter 7 of +2- Part
Question 32 Chapter 7 of +2-Part-1 32. (Realisation A/c/Partner's Capital A/c/Cash A/e) D, E and F sharing profits in th ...
Show Full Solution
Question 33 Chapter 7 of +2- Part
Question 33 Chapter 7 of +2-Part-1 33. (Realisation A/c/Partner's Capital A/c/Bank A/e) X, Y and Z are partners in a ...
Show Full Solution
Question 34 Chapter 7 of +2- Part
Question 34 Chapter 7 of +2-Part-1 34. (Unrecorded Asset/Realisation A/c Partner's capital A/c bank a/c) Deepali and Rajshree are partners ...
Show Full Solution
Question 35 Chapter 7 of +2- Part
Question 35 Chapter 7 of +2-Part-1 35. (Realisation A/c/Cash A/c/Partner's Capital A/e) A, B and were equal firm. On 31st ...
Show Full Solution
Question 36 Chapter 7 of +2- Part
Question 36 Chapter 7 of +2-Part-1 36. (Realisation A/c/Bank A/c/Partner's Capital A/e) The following Arvind and Balbir as on 31st ...
Show Full Solution
Question 37 Chapter 7 of +2- Part
Question 37 Chapter 7 of +2-Part-1 37. (Goodwill does not appear in Books/Realisation Ac/Bank A/e/Partner's Capital A/c) Mrs. Ritu Chaudhary ...
Show Full Solution
Question 38 Chapter 7 of +2- Part
Question 38 Chapter 7 of +2-Part-1 38. (Realisation A/c/Partners‘ Capital A/c/Cash A/e) Bhuvan, Suraj and Ibrahim were partners in a ...
Show Full Solution
Question 39 Chapter 7 of +2- Part
Question 39 Chapter 7 of +2-Part-1 39. (Unrecorded Asset and Liability/Journal/Ledger A/c s) X, Y and Z are partners sharing ...
Show Full Solution
Question 40 Chapter 7 of +2- Part
Question 40 Chapter 7 of +2-Part-1 40. (Journal/Realisation A/e/Partner's Capital A/e) Prakash, Kiran and Rishabh are partners in a firm ...
Show Full Solution
Question 41 Chapter 7 of +2- Part
Question 41 Chapter 7 of +2-Part-1 41. (Memorandum Balance Sheet/Ledger Ales) A and B were partners in a business sharing ...
Show Full Solution
Question 42 Chapter 7 of +2- Part
Question 42 Chapter 7 of +2-Part-1 42. (Realisation A/c) Sachin and Tarun were partners sharing profits and losses as to ...
Show Full Solution
Question 43 Chapter 7 of +2- Part
Question 43 Chapter 7 of +2-Part-1 43. (Realisation A/c/Cash A/c/Capital A/c's) The partnership between Read and Write was dissolved on ...
Show Full Solution
Question 44 Chapter 7 of +2- Part
Question 44 Chapter 7 of +2-Part-1 44. (Realisation A/c/Capital & Current A/c/Cash A/e) X, Y and Z are in partnership ...
Show Full Solution
Question 45 Chapter 7 of +2- Part
Question 45 Chapter 7 of +2-Part-1 45. (Comprehensive) Amar, Akbar and Anthony commenced business on 1st April 2018, sharing profits ...
Show Full Solution

 

error: Content is protected !!