Day 151 Solution of Questions 21 to 22 Dissolution of Partnership Firm Chapter 7 Accounts class 12

Teacher:- Mr. Sarbjit Singh Video Editor:- Mr. Kuljeet Singh 00:00 Question No. 21: A and B are partners in 2:1 ratio. They dissolved their business on 30th Sept, 2018. Stock was taken over by A at 20% less Furniture and Machinery realised at book value Bad debts were Rs. 4,000. Expenses of dissolution were Rs. 3,000, of this half were paid by Bills payable and creditors were settled at Rs. 2,000 discounts. Show Realisation Account, Bank Account and Capital Account. 13:40 Question No. 22 X, Y and Z were in partnership 7 : 2 : 1 and the balance sheet of the firm on 31 December 2018 was It was agreed to dissolve the Partnership and the terms of dissolution were : a. X to take over the building at an agreed figure of Rs. 31,500. b. Y who was to carry on business, to take over the goodwill, stock and debtors at book values, the patents at Rs. 30,000 and plant at Rs. 5,000. He was also to pay off the creditors. c. Z to take over shares in X Ltd. at Rs. 15 each. d. The shares in Y Ltd. to be divided in Profit sharing ratio. Give the necessary Ledge accounts recording the dissolution in the books of the firm Google Play Store App Link: https://clppaige.page.link/EhJq App Store App link:- https://apps.apple.com/us/app/classpl... Download Classplus App and use our ORG Code:- vagce !--------Book Solution TS Grewal---------! T S Grewal Part - l (a) https://tutorstips.com/t-s-grewals-bo... T S Grewal Part - l (b) https://tutorstips.com/t-s-grewals-bo... T S Grewal Part - ll https://tutorstips.com/t-s-grewals-bo... !--------Book Solution PSEB---------! Usha Publication Part- l:- https://tutorstips.com/usha-publicati... Usha Publication Part- ll:- https://tutorstips.com/usha-publicati... Unimax Publication https://tutorstips.com/accountancy-un... !--------Our Website link---------! https://tutorstips.com/ https://tutorstips.in/ !--------Check Business Studies Playlist--------!    • Business Studies Class 12 CBSE PSEB ISC   !--------Check Financial Accounting Playlist--------!    • Financial Accounting Class 12 CBSE PSEB ICS   !--------Like our Fb page---------!   / tutorstips   !--------Follow us on Instagram-------!   / tutorstips   !--------Follow us on Twitter--------!   / tutors_tips   !--------Follow us on LinkedIn--------!   / tutorstips   !--------Follow us on WhatsApp--------! +91 1882 359 783 Thanks for all your love n support. For any other details email - [email protected] Our partner https://www.freepik.com/ https://www.flaticon.com/ partnership chapter,accounts book solution class 12,class 12 accounts class 12 solution,account class 12,book solution accounts,class 12 accounts book solution,Dissolution of Partnership Firm Chapter 6 Accounts class 12,Dissolution of Partnership Firm,tutorstips,Solution of Questions 17 to 18 Dissolution of Partnership Firm,Day 149 Solution of Questions 17 to 18 Dissolution of Partnership Firm Chapter 7 Accounts class 12 #DissolutionofPartnershipFirm #class12 #accounting