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-1 – USHA Publication 12 Class Part – 1

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 – USHA Publication 12 Class Part – 1

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

Advertisement-Y

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

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-1 – USHA Publication 12 Class Part – 1

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-1 – USHA Publication 12 Class Part – 1

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

Advertisement-Y

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

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-1 – USHA Publication 12 Class Part – 1

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-1 – USHA Publication 12 Class Part – 1

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

Advertisement-Y

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

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-1 – USHA Publication 12 Class Part – 1

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-1 – USHA Publication 12 Class Part – 1

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

Advertisement-Y

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

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-1 – USHA Publication 12 Class Part – 1

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-1 – USHA Publication 12 Class Part – 1

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

Advertisement-Y

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

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-1 – USHA Publication 12 Class Part – 1

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-1 – USHA Publication 12 Class Part – 1

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

Advertisement-Y

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

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-1 – USHA Publication 12 Class Part – 1

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-1 – USHA Publication 12 Class Part – 1

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

Advertisement-Y

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

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 – USHA Publication 12 Class Part – 1

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-1 – USHA Publication 12 Class Part – 1

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

Advertisement-Y

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

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-1 – USHA Publication 12 Class Part – 1

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-1 – USHA Publication 12 Class Part – 1

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

Advertisement-Y

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

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-1 – USHA Publication 12 Class Part – 1

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-1 – USHA Publication 12 Class Part – 1

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

Advertisement-Y

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

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-1 – USHA Publication 12 Class Part – 1

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-1 – USHA Publication 12 Class Part – 1

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

Advertisement-Y

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

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-1 – USHA Publication 12 Class Part – 1

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-1 – USHA Publication 12 Class Part – 1

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

Advertisement-Y

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

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-1 – USHA Publication 12 Class Part – 1

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-1 – USHA Publication 12 Class Part – 1

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

Advertisement-Y

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

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-1 – USHA Publication 12 Class Part – 1

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-1 – USHA Publication 12 Class Part – 1

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

Advertisement-Y

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

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-1 – USHA Publication 12 Class Part – 1

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-1 – USHA Publication 12 Class Part – 1

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

Advertisement-Y

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

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