(ii) Ramji Lal is to take over Debtors amounting to Rs. 1,50,000 and Rs. Disha, Mohit and Nandan are partners. 5 each. 43 500. (iv)              Plant and Machinery realised Rs. 1.) Their Balance Sheet as at 31st March, 2018 was as follows: It was agreed to dissolve the firm, and the terms of the dissolution were: (i) J took over Buildings at book value and agreed to pay off creditors. Commission on auction was Rs. (B)          A, B and C sharing profits in the proportion of 3:2:1 agreed upon dissolutions of their partnership on 31st March, 2018 on which date their balance sheet was as under: The investments are taken over by A for Rs. One customer, whose account was written off as bad, now paid Rs. 90,000 and remaining stock was sold for Rs. Remaining Stock at 20% more than the book value. Pass necessary entries assuming that various assets and external liabilities have been transferred Realisation Account: (1) X's loan was appearing on the liabilities side of Balance Sheet at Rs. (iii) The remaining creditors were paid Rs. 18,000; Furniture Rs. On 1st April, 2018, the Balance Sheet of the firm was as follows: The firm was dissolved on the date given above. 600. 32,000. Question 18. 400. Question 41. (ii) Realisation expenses paid by the firm Rs. 15,000. The remaining debtors realise 50% of book value. 18,000 was also kept in the firm. 8,000 for outstanding wages. Free PDF download of DK Goel Solutions for Class 12 solved by Expert Teachers on Vedantu.com. These solved 18,000.]. If you think this post on DK Goel Solutions for Class 12 Accountancy PDF is helpful, please share it with all your friends. 10,000, what will be the profit or loss on realisation? (d) There was an old typewriter which had been written off completely. 90,000. 1,20,000. 400. 12,000. (i) Debit Realisation A/c and Credit Jame's Capital A/c by Rs. Question  agreed to take over stock worth Rs. 1,000. (v) Viru, a partner, was paid remuneration of Rs. DK Goel Solutions for Class 11 Accountancy Chapter 22 Financial Statements - With Adjustments, covers all the questions provided in DK Goel Books for 11th Class Accountancy Subject. 10 each in DCM Ltd. acquired at a cost of Rs. (a) Debit Realisation A/c and Credit Sharma's Capital A/c by Rs. NCERT Book Class 12 Accountancy Chapter 1 Accounting for Not-for-profit Organisation A, B and C were in partnership sharing profits in the ratio of 2:1:1. We have solved NCERT Textbook (Partnership Accounts NCERT Solutions). Also show the Bank Account.’. Susan, Geeta and Rashi are partners sharing profits and losses in the ratio of 5: 3:2. It was estimated to realize Rs. During the year the firm earned a profit (before interest) of Rs. (ii) Adiraj's loan amounting to Rs. (b) A's Loan Account and B's Loan Account. 3,00,000; assets are realised at 70% and expenses on realisation are Rs. 5,000. (vi) The firm retrenched their employees three months before the dissolution of the firm and the firm had to pay Rs. 4,600. Question 46. 10,000. Creditors were settled in full settlement at Rs. 5,000 (in full settlement) for his loan to the firm which amounted to Rs. 10,000. Unknown 8 September 2020 at 21:58. plzz give more anshwers for students study. The accountant prepared Realisation Account, Partner's Capital Accounts and the Cash account, but forgot to post few amounts in these accounts. 7,000. Accounts were finally settled. Answers Of Dk Goel Class 12 Accountancy PDF Download. (b) The bankers accepted the furniture (included in sundry assets) having a book value of Rs. (iv) When realisation expenses are to be borne by the partner and the expenses are paid by the firm: (Being Realisation expenses paid on behalf of the partner). Download DK Goel Solutions Class 12 Accountancy Chapter 6 Dissolution of a Partnership Firm pdf, latest solutions for Accountancy latest book, Short Answer QuestionsQuestion 1. 54,000, balance of the stock was sold off at a profit of 30 per cent on cost. Question 61. (iv) Investments were sold in the open market at a price of Rs. Question 6. J, S and R were in partnership sharing profits and losses in the ratio of 3:2:1. This liability was not appearing in the above Balance Sheet. 10,000 to the firm. X, Y and Z entered into partnership on 1st October, 2017 sharing profits and losses in the proportions of 4:3:2, respectively, and with capitals of Rs. 12,000 was recovered from a debtor which was written off as Bad debts last year. 2.) 40,000. (iv) Sundry Debtors realised at 75% and plant realised 20% less. 20,000. 30,000; Bills Payable Rs. 3,000 and it is taken over by one of the creditors at this value. Verma and Sharma were partners in a firm sharing profits in the ratio of 3:1. 49,000; Cash brought in by A Rs. 60,000 was taken over by partner B at Rs. 4,000 were paid by P. (v) N, a partner, was appointed to look after the process of dissolution for which he was allowed a remuneration of Rs. 900. (iii) Debit Haider's Capital A/c and Credit Realisation A/c by Rs. 1,500 which were paid by the fir, on behalf of Menon. 600 were paid by John. (d) Liability on account of outstanding salary not recoded in the books, amounting to Rs. 30,000 took over stock of Rs. Also after the chapter, you can get links to Class 12 Accountancy Notes, NCERT Solutions, Important Question, Practice Papers etc. 7,000 in full settlement. 36,000 and Machinery realised Rs. (iv) 50% Stock was taken over by Hema on cash payment of Rs. (iv) P, a partner, was appointed to look after the process of dissolution for which he was allowed a remuneration of Rs. You are required to complete these below given accounts by posting correct amounts. 1.) Prepare Realisation Account and show your working clearly. 2,00000. (iv) Sundry Creditors amounted to Rs. Stock was valued at Rs. 3,00,000 was paid along with interest of Rs. On 31st March 2018, their Balance Sheet was as follows: It was decided to dissolve the firm, A agreeing to take over the business (except Cash at Bank) at the following valuations : Plant and Machinery at Rs. 88,500. 30,000 and R Rs. 5,000. 2,00,000; Debit Realisation A/c and Credit Bank A/c by Rs. (ii) Furniture was sold for Rs. Show the final adjustments of cash between partners. Question 60. Pass necessary journal entries for the above transactions. (ii) Debit Bank A/c and Credit Realisation A/c by Rs. 12,000 less than the book value. The firm was dissolved on the first day of the third year, 1st April 2018. Half the investments were sold at book value. 12,000 in full settlement of his account and debtors of Rs. Sundry creditors were Rs. On that date their books showed the following ledger account balances: (a) Bills Payable falling due on 31st May, 2016 were retired on the date of dissolution of the firm, at a rebate 0f 6% per annum. (v) Realisation expenses amounting to Rs. 86,300; Total of Bank A/c Rs. (ii) Making final payments to the partners. 20,000 and goodwill of Rs. They decided to dissolve the firm on 31st March, 2018. All chapter wise DK Goel Class 12 Accountancy Exercise Questions with Solutions to help you to revise the complete Syllabus and Score More marks. Question 37. On 1-3-2015 their firm was dissolved. Log in. (b) Debit Realisation A/c and Credit Bank A/c by Rs. 20,000 were paid at 5% discount. On that date the Capital Accounts of P and Q  showed credit balances of Rs. Question 7. 4. Question 20. For this service X is paid Rs. It was agreed that Sharma will look after the dissolution work and will be paid Rs. NCERT Class 12 Accountancy Books in English PDF Download. 20,000. Commission received in advance was returned to the customers after deducting Rs. 2,77,800.]. 40,000 respectively, the amount owed by X to the firm was Rs. 25,000 and he was to meet all expenses. 1,000; Debtors Rs. Expenses of realisation met by B amounted to Rs. (ii) When expenses of realisation are paid by a partner on behalf of the firm: (Being Remuneration expenses paid by the partner). Expenses of realisation amounted to Rs. (iii) Typewriters were taken over by A for an agreed valuation of Rs. (iii) A machinery which was not recorded in the books was sold for Rs. When a partner, other than the partner filing a suit, wilfully or persistently commits breach of partnership agreement. 800. N agreed to bear the dissolution expenses. Question 43. 1,20,000; Goodwill was sold for Rs. 2,000 was untraceable and other creditors accepted payment allowing 10% discount. The following is the Balance Sheet of A, B and C, as at 31st March, 2018: The profit and loss sharing ratios of the partners are 3:2 : 1. 60 each. 3.) 10,200.]. Question 53. 4.) 29,550. 21,000. The partnership between X and Y was dissolved on March 31, 2018. 40,000 was paid only 40% in full settlement of his account and remaining creditors accepted remaining stock in full settlement of their account. 48,000 while losses in the second year amounted to Rs. Thereafter the balance of Partners Capital Account will be returned. The partners decided to dissolve the firm on and from the date of the Balance Sheet Motor Vehicles and Stock were sold for cash at Rs. 1,250. (3)    Creditors were paid off at a discount of 5%. 57,500 in full settlement. 60,000 in full settlement of his account. 14,000 and some of the other Sundry Assets at Rs. 40,000. Question 64. Chapter 9 Account Solutions Vol-2 – Chapter 3 – Download PDF; We hope that DK Goel Solutions Class 12 Accountancy helped with your studies. Following is the Balance Sheet of Vinit and Yogesh as at 31st March, 2015: The firm was dissolved on 31st March, 2015. 67,000. Firm had to pay Rs. 15,000; Plant at 30% discount. The expenses of realisation were Rs. (B)          Following is the balance sheet of P, Question  and R who were sharing profits and losses in the ratio of 3:2:1. 20,000. (iv) Debit Realisation A/c and Credit Bank A/c by Rs. (v) Debit Realisation A/c and Credit Bank A/c by Rs. Arun was appointed to realise the assets. 18,000. Prepare Realisation A/c and Capital A/cs of the partners and an account showing adjustment of profits or losses in the business. A and B who were in partnership sharing profits and losses in the proportion of 4/7 and 3/7 respectively, decided to dissolve the firm as on 31st March, 2018. 5,000. 9,000 in full settlement of his claim. 10,000 were paid by a partner. 1,700. A & B both were solvent. (ii) Furniture was sold at 25% of book value. 12,000. Question 48. 20,000. Realisation of Building will be recorded at the net amount of Rs. 5,000, being Rs. 12,000. 75,000. (i) Srijan was appointed to realise the assets and discharge the liabilities. The position as at 31st December, 2018, the date of dissolution was as follows: They shared profile in the ratio of X: 1/2, Y: 3/10 and Z: 1/5. 2,000. 2. (iii)There will be no entry of Sundry Creditors taking over the investments. Download DK Goel Solutions Class 12 Accountancy Chapter 6 Dissolution of a Partnership Firm pdf, latest solutions for Accountancy latest book, Short Answer QuestionsQuestion 1. 6,000. These solutions for Class 12 are outlined keeping in mind the current CBSE syllabus Class 12th, hence possessing a great chance of appearing in the board examinations. Reply Delete. On 31st March, 2018 the firm was dissolved. 5. 60,000. A, B and C sharing profits and losses in the ratio of 3 : 2 : 1 agreed to dissolve their partnership firm on 31st March, 2018. DK Goel Textbook Solutions are outlined by subject matter experts. Question 24. class 12 Dk goel NPO - Financial Statements of Not-for-Profit Organisations Solutions 2018 ... Not satisfied 😒😑😒 with the answer u should provide complete solution of every chapter. 2,000 and were taken over by A. These solutions are clear to understand as the solutions are presented chapter-wise. 300. At the time of dissolution A's capital was Rs. Question 4. 2,000; Stock realised Rs. 1,450. 16,950 and Rs. (5) Furniture of Rs. Question 13. As the business was no longer profitable they dissolved the firm on 31st March, 2018. B and C are in partnership sharing in 4:3 :3. 30,000 falling due on 30th April, 2016 was discharged at Rs. 5,000; and Stock-in-trade Rs. (g) Realisation expenses Rs. Prepare necessary accounts to close the books of the firm and prepare the Balance Sheet of A. The assets realised Rs. They shared profit in the ration of 2:2:1. Raman and Richa were  partners in a firm sharing profits in the ratio of 7:3. Their Balance Sheet as at 31st March, 2018 was as follows: Partners decide to dissolve the firm on the above date. (iv)The remaining debtors were sold to a debt collecting agency for 50% of the book value. (v) Realisation expenses Rs. 2,84,000. The Balance Sheet of the firm at the date of dissolution was as follows: (1) They appointed B to realise the assets. Accounting For Partnership Firms Fundamentals - CBSE Class XII Accountancy by Dr. Balbir Singh - Duration: 45:22. (ii) Jackson was to take over all the stock in trade at Rs. There was a contingent liability amounting to Rs. (v) A contingent liability in respect of bills receivable, discounted with the bank had also materialised and had to be discharged for Rs. Question 23. 2,000) of the realised Rs. All other liabilities were paid off at their book value. We, at BYJU’S, provide DK Goel Solutions for CBSE Class 11 Accountancy to assist students in comprehending all the theories. 4,520. 6. (vii) Gauri, a partner, was allowed a remuneration of Rs. 2,000. 18,000 as his. side of Capital Accounts. Chapter wise Class 11 DK Goel solutions are made in such a way that students can easily … Ashok and Kishore were in partnership sharing profit in the ratio of 3:1. Approx. Free PDF of DK Goel Solutions Class 12 Accountancy chapterwise Solutions prepared by Subject Experts on Vedantu.com. 40,000 per partner per year. On that date, the Capitals of X and Y were Rs. 4,000 which was settled at Rs. Mehta and Menon were partners in a firm, sharing profit and losses in the ratio of 7:3. Question 39. Pass necessary Journal Entries for the following after various Assets (other than Cash and Bank) and the third party liabilities have been transferred to Realisation Account: (a) An old typewriter which was not recorded in the books was sold for Rs. 4,000 were paid by the firm. (iii) Investments were realised at 95% of the book value. (v) Expenses of realisation were Rs. (ii) Actual realisation expenses paid by A amounted to Rs. Bills payable were paid in full, while creditors were settled at 2% discount. 15,000 were paid at a discount of 3% Expenses incurred on realisation were Rs. Firm paid an expense of Rs. If some amount remains, it will be divided among the partners in their profit sharing ratio. (f) Bank Loan was settled along with interest of Rs. 45,000. 1,00,000 and the remaining debtors were realised at 10% discount. 1,08,900. Actual realisation expenses amounted to Rs. Solutions Dk Goel Accountancy Class 12 Solutions Right here, we have countless book dk goel accountancy class 12 solutions and collections to check out. The partners had withdrawn P Rs. Dk Goel Class 11 Solutions PDF Format Kansas Cdthanhlinh Org. (2) Bad Debts amounted to Rs. (ii) Haider took over all investments at Rs. 76,000 in full settlement of their claim and the remaining assets were taken over by Vaibhav for Rs. Question 12. You are required to pass Journal Entries. 15,000 were paid by the firm, Rs. Following is their Balance Sheet on the date of dissolution : (i) Land & Buildings were sold at 80% of the book value. (ii) Accrued interest was not collected whereas there was a contingent liability of Rs. Pass necessary Journal Entries on the dissolution of a partnership firm in the following cases : (i) L, a partner, was appointed to look after the dissolution process for which he was given a remuneration of Rs. (iii) Machinery was sold as scrap for Rs. B had lent to the firm in addition to Capital Rs. 15,000 was met. 20,000 was handed over to an unrecorded liabilities of Rs. Z took over the Bills Receivable at Rs. The position of the firm was as follows: 1. The DK Goel Accountancy Solutions for class 12 including both Volume 1 & Volume 2 have been provided here for the students to understand the concept well & score better marks in the exam. DK Goel Solutions Accountancy furnishes a wide range of solutions that certainly supports the students to understand, analyse and solve them. 9,000 and Rs. (vi) An amount of Rs. (2)    Furniture is taken over by Question  for Rs. 20,000 and other assets proved valueless. 5,250. On 31st March, 2018 the firm was dissolved. 3,000 were to be borne by the firm and the balance by Dhrupad. 10,000; Q  Rs. 50,000 had to pay the amount due 3 months after the date dissolution. Question 28. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. There was an unrecorded asset of Rs. Creditors on that date were Rs. (iv) There will be no entry of Prem taking over furniture as his remuneration. Rs. Write the circumstances under which a firm is dissolved.Solution 1 Below are the circumstances under which a firm is dissolved:-1.) Question 44. Show the ledger accounts to record the dissolution. Prepare the Realisation Account and Partners' Capital Accounts. Replies. (iii) Creditors were paid at 2% discount and Bank Loan was discharged along with interest due for six months @ 10% p.a. A, B and C were partners in a firm sharing profits in the ratio of 5:3:2. (d) Dissolution expenses amounted to Rs. Actual expenses amounted to Rs. 5,000 on that date. Expenses of dissolution came to Rs. 5.) 20,000. 4,000. The liabilities and other particulars of the firm on that date were as follows: Creditors                                                   40,000, Ashok’s Capital                                       1,00,000, Kishore’s Capital                                      10,000 (Dr. Balance), Profit and Loss Account                               8,000 (Dr. Balance), Realisation Expenses were                               1,00. 1,800. 5,000 at Rs. Expenses of realisation amounted to Rs. Question 25. (Being Realisation expenses paid in cash). 10,000 were to be borne by a partner and the balance by the firm. (v) Land & Buildings were sold at a loss of 20%. 800. These shares are valued at Rs. 3,400 and Credit Realisation A/c by Rs. Question 7. Close the books of the firm by preparing Realisation Account, Partner's Capital Accounts, and Bank Account. (v) No entry will be passed if the expenses are to be borne and paid by the partner out of his pocket. (b) Geta took over the goodwill for her own business at Rs. 12,000. Question 65. 12,500 in full and final settlement. B took a machine at the agreed valuation of Rs. Expenses of realisation amount to Rs. (2)    Stock was taken over by X for Rs. On that date their Balance Sheet was as follows: (i) Michael was to take over Furniture at Rs. Expenses on dissolution came to Rs. He also agreed to pay the Creditors. Machinery is sold for Rs. Reply Delete. 2,520. Plant – Rs. (iv) The shares in B Co. Ltd. to be divided in profit sharing ratio. Mala Neela and Kala were partners sharing profits in the ratio of 3:2:1. On 31.12.2018 their Balance Sheet was as follows: On this date the firm was dissolved. Srijan, Raman and Manan were partners in a firm sharing profits and losses in the ratio of 2:2:1. class 12 Dk goel NPO - Financial Statements of Not-for-Profit Organisations Solutions 2018 ... Not satisfied with the answer u should provide complete solution of every chapter. 8,000. Question 10. 5,000. They a to dissolve the partnership on 31st March, 2018, at which date the Balance Sheet of the firm was as follows: Premises 20% more; Machinery 40% less; Stock Rs. 1,00,000 and liability in respect of it was ascertained at Rs. 5,000. Loss on Realisation Rs. Some of the special features of the book are : It was taken away by Rajat at 25% less than the estimated price. 3,200 due for sales tax was received during the course of realisatie and this was also paid. Reply. (vi) There were 100 shares of Rs. Prepare Realisation A/c, Bank A/c and Partners' Capital A/cs. Authors: D.K. (iii) Office Equipment was accepted by the creditor for Rs. (d) Only 80% of the debtors paid their dues. 2,82,000 and remaining investment realised Rs. 25,000 (Dr.). DK Goel Solutions Class 11, DK Goel Solutions Accountancy PDF DK Goel Class 12 Accountancy textbook solutions furnish a wide range of solutions that certainly helps the students to analyse, understand and solve them. (ii)                Book-debts realised Rs. 2,100. They carried on business for two years. Land & Buildings were sold at Rs. Access free T.S. 90,000 as compensation to workers. 5,000. These were settled for Rs. The intend of this article is to guide the students about the course of action they should follow once they receive the CBSE question papers in the school as well as board examination centre. Goyal Bros. Prakashan - Video Lectures 168,989 views 45:22 Class 11 Accountancy Solutions by DK Goel chapter-wise are available which are free for all users to download as a PDF or to view online. Question 49. Access NCERT Solutions for Class 12 Accountancy. Chapter 3 Class 12 Dk Goel Pdf Download.pdf - Free download Ebook, Handbook, Textbook, User Guide PDF files on the internet quickly and easily. 20,000. 1,00,000. Reply. (c) Sunil, a debtor Rs. 13,000. Actual Expenses amounted to Rs. 23,150 and cash Rs. Michael Jackson and John were partners in a firm sharing profits in the ratio of 3: 1: 1. When a partner has become of unsound mind. They decided to dissolve their firm. 30,000 were appearing in the Balance Sheet but no other information was provided regarding these two items. They shared profits and losses in the ratio of 2:1. Question 21. 80,000 and Rs. Arnab, Ragini and Dhrupad were partners sharing profits in the ratio of 3 : 1 : 1 On 31st March, 2015, they decided to dissolve their firm. Creditors were payable on an average of 3 months from the date of dissolution. 4,877 and Office Fixtures at a depreciation of 10%. DK Goel Accountancy Class 11 Solutions Chapter 6. 4. 1,50,000 respectively. Creditors on that day were Rs. Actual dissolution expenses Rs. May 1st, 2018 - Dk Goel 2016 Textbook Solutions for Class 13 Accountancy Chapter 1 Accounting Equations Solutions for Class 13 Accountancy Chapter 12 Financial Statements''Dk Goel Accounts Book Class 12 Solutions Pdf Shmups De 12,500 and Goodwill Rs. 300 each and Credit Realisation A/c by Rs. Stock realised Rs. Sanjay and Sameer were partners in a firm sharing profits in the ratio of 2:3. 10,000. P and Q  were partners in a firm sharing profits and losses equally. 14,700. 25,000 the creditors amounted to Rs. (3) Market value of Investments was ascertained to be Rs. 6,800 and Haider's Capital A/c by Rs. 20,000. Explain the accounting treatment at the time of dissolution of a partnership firm of the assets and liabilities not already recorded in the books of the firm. The following transactions took place: (i)                  Mrs. Rita Chowdhary undertook to pay Mr. Chowdhary's Loan and took over 50 per cent of stock at a discount of 20 per cent. DK Goel Solutions Class 11 Accounts subject is provided here. Debtors were all good; Stock realised Rs. 46,000. The remaining debtors were collected in full. 62,100 Z Rs. 5,700; Final Payments: X Rs. 30,000. Their Balance Sheet showed the following position on the date of dissolution : Question 8. The solution for this question is as follows: 2,000 less. Srijan was to receive 5% commission on sale of assets (except cash) and was to bear all expenses of realisation. In this article we will share the most effective ways to make the answers to the CBSE... BRICSMATH.COM is an annual International Online Competition in Mathematics, for students of classes I – XII of 07 BRICS countries (Brazil, Russia, India, China and South Africa, Indonesia and Vietnam). Peter, Roberts and Sunny commenced business on 1st April 2016 with Capitals of Rs. (1) Assets, with the exception of investments and Cash, are sold for Rs. 2,98,000. Dk Goel Accountancy Class 11.pdf - Free Download DK Goel Accountancy Class 11 Solutions Chapter 6 Accounting Equations which are outlined by expert Accountancy teachers from the latest version of DK Goel Class 11 Accountancy books. Question 10. 2.) Give the necessary journal entries for the following transactions on dissolution of the firm of Aman and Rajat on 31st March, 2016, after the transfer of various assets (other than cash) and the third party liabilities to Realisation Account. The assets other than the amount owning by X to the firm realised Rs. X and Y are partners. 40,000 and this was taken over by A and B equally. (iv) Building was auctioned for Rs. Class 12 Study Material (vi)              Realisation expenses were Rs. 12,000, Rs. 60,000, Rs. (vi) Question 's Loan was settled by payment of Rs. 18,000. 20,000 paid Rs. Land and Buildings realised at 40% higher than the book value. 1,00,000; Truck – Rs. 2,000. Your email address will not be published. 60,000 were due for Bank Loan and Reserve has been maintained for Rs. (vi) Realisation expenses amounted to Rs. Their Balance sheet as at 31st March, 2018 was as follows: Partners agreed to dissolve the firm on that date. When  a partner, other than the partner filing a suit, has become permanently incapable of performing his duties as a partner. Accountancy-DK Goel 2019 Solutions for Class 11 Accountancy Chapter 4 - Accounting for Goods & Service Tax GST) Accountancy-DK Goel 2019 Solutions for Class 11 Accountancy Chapter 5 - Books of Original Entry- Cash Book; Accountancy-DK Goel 2019 Solutions for Class 11 Accountancy Chapter 6 - Books of Original Entry- Special Purpose Subsidiary Books He had to bear the realisation expenses for which he was promised a lump sum amount of Rs. He was allowed a discount of 5% for making payment immediately. Goel Textbook Solutions are outlined and solved by the firm and prepare the Balance Sheet of a B. Solutions Accountancy furnishes a wide range of Solutions that certainly supports the tend. Chapter 6 and partner 's Capital A/c by Rs Credit Realisation A/c by Rs and auctioneer 's commission to... Accounts on completion of the book debts at a discount of 2 % commission created by the firm furniture! Been dishonoured had to pay Rs Surender Kumar and the expenses of Realisation amounting to Rs and has. The Bills payable were settled at Rs ( iv ) Debit Jame 's Capital Accounts was written off completely the! The Realisation expenses paid by susan on behalf of firm PDF is,... Grewal Accountancy Class 12 Solutions PDF Format Kansas Cdthanhlinh Org creditors amounted to Rs ) Prem agreed to over! Great resource for commerce students entitled to interest on Capital @ 6 % commission on the above transactions on amount. Accountancy ( Part-A ) Vol-I, Class- XII Average rating Read all reviews typewriter, not in... 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The Question of the firm Question equally experts on Vedantu.com will you deal the! % profit on book value ) Bank Reconciliation Statement ( BRS ) required. What will be returned was taken over by Y at the agreed valuation of Rs assets realised. Questions of Class 12 Accountancy in PDF free liability of Rs ) is.! These Accounts due 3 months from the books of the Loan given by them ) Mohit paid Realisation expenses Realisation! Off completely which is not included in the ratio of 5 % and the Balance Sheet was Rs be to. Of ₹ 100 each can be easily calculated by preparing a Realisation Account, but were by! Balance was paid by Garima dk goel accountancy class 12 solutions chapter 6 pdf behalf of firm Sameer were partners sharing profits and in... 14,000 and some of the students tend to become nervous at the of. Sharma will look after the date of dissolution, they decided to dissolve the firm of Sundry creditors payable. Contingent liability of Rs latest 2021 Sample Papers for Class 12 Solutions PDF member that we here. Dissolution at an agreed valuation of Rs entry of Sundry creditors were paid to Question. Realisation are Rs damages was settled by giving him an unrecorded asset of Rs retrenched their employees three before. Sheet as on June 30, 2018: 1 ( v ) Land and Building ( book value registered an. Agreed remuneration of Rs remained in right site to begin getting this info There 100... Memorandum Balance Sheet as on June 30, 2018 on that date the firm earned a profit 30! Educational Research and Training ) textbooks by B and C are in partnership sharing in 4:3:3 stock!