Solution for Q 11 to 20 of Chapter 6 of T S Grewal Class 12 Accountancy 2026-27 are given below. The Chapter name is Death of a Partner from Partnership Accounts class 12. These Solutions are based on topics Calculation of deceased partner share of Goodwill, Calculation of profit share of deceased partner
Working notes are given with each solution. These help in understanding the steps and are also important for board exams as marks are given for steps.
These solutions are also useful for CA Foundation, CS Foundation and CMA Foundation students. The solutions will be helpful for students as well as teachers teaching class 12 accounts.
Question 11
| Profit for the year ended 31-Mar-2025 |
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14000 |
| Less - Adjustment for Bad Debts |
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2000 |
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| Assumed profits for the year 31-Mar-2026 |
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12000 |
| Assumed profit upto 30-Jun-2026 (3 months) |
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3000 |
| (12000 X 3 /12) |
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| Riya's share in profits (3000 X 1 / 3) |
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1000 |
▶ Video Solution: Coming Soon
Question 12
| Profits from 01-Apr-2025 to 31-Dec-2025 |
600000 |
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| Journal Entry |
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| Date |
Particulars |
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Dr Amt |
Cr Amt |
| 31-Dec-25 |
Profit and Loss Apppropriation A/c Dr.. |
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600000 |
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| |
To Anil Capital A/c |
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|
200000 |
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To Sunil Capital A/c |
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200000 |
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To Hari Capital A/c |
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200000 |
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(Being profit upto date of death transferred to partner's capital A/c) |
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| Working Note : |
| Since final accounts upto the date of death are prepared so profit and loss suspense A/c will not be used |
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Question 13
| Date |
Particulars |
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Dr Amt |
Cr Amt |
| 25-Feb-19 |
Profit and Loss Suspence A/c Dr.. |
|
5000 |
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| |
To B's Capital A/c |
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5000 |
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(Being deceased partner share of profit upto date of death) |
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▶ Video Solution: Coming Soon
Question 14
| Profits for the period 01-Apr-2025 to 30-Jun-2025 |
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360000 |
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| Y's share in profits |
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1/3 |
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| Y's share in profits till the date of death |
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120000 |
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| Date |
Particulars |
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Dr Amt |
Cr Amt |
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| 30-Jun-25 |
Profit and Loss Suspence A/c Dr.. |
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120000 |
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To Y's Capital A/c |
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120000 |
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(Being deceased partner share of profit upto date of death) |
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| 30-Jun-25 |
X's Capital A/c Dr.. |
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36000 |
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(120000 X 3/10) |
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Z's Capital A/c Dr.. |
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84000 |
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(120000 X 7/10) |
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To Profit and Loss Suspence A/c |
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120000 |
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(Being profit share of deceased partner adjusted in gaining ratio) |
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OR |
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| 30-Jun-25 |
X's Capital A/c Dr.. |
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36000 |
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Z's Capital A/c Dr.. |
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84000 |
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To Y's Capital A/c |
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120000 |
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(Being profit share of deceased partner adjusted in gaining ratio) |
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| Working Note : |
| Calculation of Gaining Ratio |
| New Profit sharing ratio |
| X |
Z |
Total |
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| 1/10 |
7/30 |
1/3 |
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| 3 |
7 |
10 |
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▶ Video Solution: Coming Soon
Question 15
| Last year's Profits |
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450000 |
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| Profits for 4 months (Upto 31st july) |
|
150000 |
(450000 X 4 / 12) |
| Reeta share in profits |
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1/3 |
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| Reeta's share in profits till date of death |
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|
50000 |
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| Date |
Particulars |
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|
Dr Amt |
Cr Amt |
| 31-Jul-25 |
Profit and Loss Suspence A/c Dr.. |
|
50000 |
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| |
To Reeta's Capital A/c |
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|
50000 |
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(Being deceased partner share of profit upto date of death) |
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▶ Video Solution: Coming Soon
Question 16
| Last year's Loss |
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200000 |
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| Loss for 3 months (Upto 30th June) |
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50000 |
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| (200000 X 3 / 12) |
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| Manoj share in profits |
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2/5 |
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| Manoj's share in loss upto date of death |
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|
20000 |
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| Date |
Particulars |
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Dr Amt |
Cr Amt |
| 30-Jun-25 |
Manoj Capital A/c Dr.. |
|
20000 |
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To Profit and Loss Suspence A/c |
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20000 |
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(Being deceased partner share of loss upto date of death) |
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▶ Video Solution: Coming Soon
Question 17
| Last year's Loss |
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1500000 |
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| Loss for 3 months (Upto 30th June) |
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375000 |
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| (1500000 X 3 / 12) |
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| B share in profits |
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1/3 |
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| B's share in loss upto date of death |
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|
125000 |
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| Date |
Particulars |
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Dr Amt |
Cr Amt |
| 30-Jun-25 |
B Capital A/c Dr.. |
125000 |
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| |
To Profit and Loss Suspence A/c |
|
125000 |
| |
(Being deceased partner share of loss upto date of death) |
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| Value of Firms Goodwill |
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|
600000 |
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| B share in profits |
|
1/3 |
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| B's share in Goodwill |
|
200000 |
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| Gaining ratio of A and C |
|
3 : 1 |
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| A Contributes |
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150000 |
(200000*3/4) |
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| C Contributes |
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50000 |
(200000*1/4) |
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| A Capital A/c Dr.. |
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150000 |
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| C Capital A/c Dr.. |
|
50000 |
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| To B Capital A/c |
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200000 |
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| (Being goodwill share of deceased partner) |
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▶ Video Solution: Coming Soon
Question 18
| Calculation of Average Profits of last 3 years |
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| Profit for the year ended 31-Mar-2023 |
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18000 |
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| Profit for the year ended 31-Mar-2024 |
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19000 |
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| Profit for the year ended 31-Mar-2025 |
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17000 |
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| Total |
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54000 |
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| Average for 12 months |
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18000 |
(54000/3) |
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| (assumed profits for one year) |
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| Profits from 01-Apr-2025 to 31-May-2025 |
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3000 |
(18000 X 2 / 12 ) |
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| (Assumed for firm) |
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| Z's share in profits |
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1/3 |
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| Z share upto the date of death |
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1000 |
(3000*1/3) |
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| (a) |
Journal Entry when profit sharing ratio does not change |
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| Date |
Particulars |
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Dr Amt |
Cr Amt |
| 31-May-25 |
Profit and Loss Suspence A/c Dr.. |
|
1000 |
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| |
To Z's Capital A/c |
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|
1000 |
| |
(Being deceased partner share of profit upto date of death) |
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| 31-Mar-26 |
Profit and Loss Appropriation A/c Dr.. |
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|
1000 |
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To Profit and Loss Suspence a/c |
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|
1000 |
| (b) |
Journal Entry when profit sharing ratio changes to 3:2 |
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| Date |
Particulars |
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Dr Amt |
Cr Amt |
| 31-May-25 |
Profit and Loss Suspence A/c Dr.. |
|
1000 |
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| |
To Z's Capital A/c |
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|
1000 |
| |
(Being deceased partner share of profit upto date of death) |
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X's Capital A/c Dr.. |
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800 |
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Y's Capital A/c Dr.. |
|
200 |
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To Profit and Loss Suspence A/c |
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|
1000 |
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(Being profit share of deceased partner adjusted in gaining ratio) |
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OR |
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X's Capital A/c Dr.. |
|
800 |
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Y's Capital A/c Dr.. |
|
200 |
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To Z's Capital A/c |
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|
1000 |
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(Being profit share of deceased partner adjusted in gaining ratio) |
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| Working Note : |
| |
| Calculation of Gaining Ratio |
| New Profit sharing ratio |
| X |
Y |
Total |
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| 4/15 |
1/15 |
1/3 |
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| 4 |
1 |
5 |
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▶ Video Solution: Coming Soon
Question 19
| Sales for the year 31-Mar-2025 |
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|
1000000 |
| Profits for the year ended 31-Mar-2025 |
|
100000 |
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| Profit ratio (100000 / 1000000 x 100) |
|
10% |
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| During the period Apr 2025 to Jun 2025 : |
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| Sales (Given) |
|
150000 |
| Assumed profits (150000 x 10/100) |
|
15000 |
| C's share in profits (Ratio) |
|
1/5 |
| C's share in profits (Amouont) |
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|
3000 |
▶ Video Solution: Coming Soon
Question 20
| Sales for the year 31-Mar-2025 |
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|
500000 |
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| Profit ratio for deceased partner share |
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20% |
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| (as required by the question) |
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| During the perios Apr 2025 to Jun 2025 : |
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| Sales |
|
140000 |
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| Assumed profits (140000 X 20/100) |
|
28000 |
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| Shreya's share in profits |
|
1/5 |
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| Shreya's share in profits (28000 X 1/5) |
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|
5600 |
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| Date |
Particulars |
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|
Dr Amt |
Cr Amt |
| 30-Jun-25 |
Profit and Loss Suspence A/c Dr.. |
|
5600 |
|
| |
To Shreya's Capital A/c |
|
|
5600 |
| |
(Being deceased partner share of profit upto date of death) |
|
|
|
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|
▶ Video Solution: Coming Soon
Q 1-10 | Q 11-20 | Q 21-30 | Q 31-36
T S Grewal Solutions – Death of a Partner– All Questions
T S Grewal Solutions Class 12 2026-27 – All Chapters
