Solution for Q 01 to 10 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 New profit ratio and gaining ratio, calculation of deceased partner share of Goodwill
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 1
| Ajay |
Vijay |
Saurav |
| 1/2 |
2/5 |
1/10 |
| 5 |
4 |
1 |
| Saurav Dies |
| |
| The new profit sharing ratio is not given |
| Also the ratio in which the share acquired (Gaining ratio)is not given |
| So the remaining partners will share in their old profit sharing ratio |
| |
| New Profit Sharing ratio |
▶ Video Solution: Coming Soon
Question 10
| Calculation of Average Profits of last 3 years |
| |
| Date of Death |
|
|
|
30-Jun-25 |
|
|
| Profit for the year ended 31-Mar-2023 |
|
110000 |
|
|
| Profit for the year ended 31-Mar-2024 |
|
120000 |
|
|
| Profit for the year ended 31-Mar-2025 |
|
130000 |
|
|
| Total |
|
|
|
360000 |
|
|
| Average for 12 months |
|
|
|
120000 |
(120000/12*3) |
|
| Assumed profits from |
|
30000 |
(120000 X 3 / 12 ) |
|
| 01-Apr-2025 to 30-Jun-2025 |
|
|
|
|
| |
|
|
|
|
|
|
| Hari's share in profits |
|
1/3 |
|
|
| Hari share upto the date of death |
|
|
|
10000 |
|
|
| Date |
Particulars |
|
|
|
Dr Amt |
Cr Amt |
| 30-Jun-25 |
Profit and Loss Suspence A/c Dr.. |
|
10000 |
|
| |
To Hari's Capital A/c |
|
|
10000 |
| |
(Being deceased partner share of profit upto date of death) |
|
|
|
|
|
▶ Video Solution: Coming Soon
Question 2
| Keshav |
Nirmal |
Pankaj |
|
|
| 5 |
3 |
2 |
|
|
| Keshav acquires share of Pankaj |
1/5 |
| Keshav's new share |
5/10 + 1/5 |
7/10 |
| (Keshav old share + Pankaj share) |
| |
| New Profit sharing ratio |
| Keshav |
Nirmal |
Total |
|
|
| 7/10 |
3/10 |
|
|
|
| 7 |
3 |
10 |
|
|
▶ Video Solution: Coming Soon
Question 3 (a)
| Shiv |
Mohan |
Hari |
Total |
|
|
| |
|
|
|
|
|
| 5 |
5 |
4 |
14 |
|
|
| Mohan Died |
| |
| His share taken by remaining partners in the ratio 1:1 |
| |
| Share taken by Shiv from Mohan's Share |
5/14*1/2 |
5/28 |
| Share taken by Hari from Mohan's Share |
5/14*1/2 |
5/28 |
| Shiv's New share |
5/14 + 5/28 |
15/28 |
| Hari's New Share |
4/14 + 5/28 |
13/28 |
| Thus, New profit sharing ratio |
▶ Video Solution: Coming Soon
Question 3 (b)
| P died |
| |
| The new profit sharing ratio is not given |
| Also the ratio in which the share acquired is not given |
| So the remaining partners will share in their old profit sharing ratio |
| |
| New Profit Sharing ratio |
▶ Video Solution: Coming Soon
Question 4
| Gini |
Bini |
Mini |
Total |
| 4 |
3 |
2 |
9 |
| Gini Died |
| |
| New Profit sharing ratio |
| Gaining ratio = New ratio - old ratio |
| |
| Bini's gaining ratio |
2/3 - 3/9 |
1/3 |
| Mini's Gaining Ratio |
1/3 - 2/9 |
1/9 |
▶ Video Solution: Coming Soon
Question 5 (a)
| W |
X |
Y |
Z |
| 1/3 |
1/6 |
1/3 |
1/6 |
| 2 |
1 |
2 |
1 |
| Y died |
| |
| New Profit sharing ratio |
| Gaining ratio = New ratio - old ratio |
| |
| W's gaining ratio |
1/3 - 2/6 |
0 |
| X's Gaining Ratio |
1/3 - 1/6 |
1/6 |
| Z's Gaining Ratio |
1/3 - 1/6 |
1/6 |
▶ Video Solution: Coming Soon
Question 5 (b)
| A acquires 4/9 of C's share |
4/9 * 2/9 |
8/81 |
| So, balance of C's share is |
2/9 - 8/81 |
10/81 |
| A's new share |
4/9 + 8/81 |
44/81 |
| B's New share |
3/9 + 10/81 |
37/81 |
▶ Video Solution: Coming Soon
Question 6
| Calculation of deceased partner profit share upto the date of death |
| |
|
|
| Previous year Profit (12 months) |
150000 |
|
| Assumed profits upto 30-Jun-2026 |
37500 |
(150000 X 3 / 12) |
| (3 months) |
|
| Y's share in profits |
1/3 |
|
| Y's share in profits till the date of death |
12500 |
|
| |
|
|
| Journal Entry |
|
| |
|
|
| Date |
Particulars |
|
|
|
Dr Amt |
Cr Amt |
| 30-Jun-26 |
Profit and Loss Suspence A/c Dr.. |
|
12500 |
|
| |
To Y's Capital A/c |
|
|
12500 |
| |
(Being deceased partner share of profit upto date of death) |
|
|
|
|
|
| Calculation of Goodwill |
| |
|
|
| Value of Goodwill of he firm |
60000 |
|
| Y's share in profits |
1/3 |
|
| Y's share in goodwill |
20000 |
(60000*1/3) |
| |
|
|
| Journal Entry |
|
| |
|
|
| Date |
Particulars |
|
|
|
Dr Amt |
Cr Amt |
| 30-Jun-26 |
X's Capital A/c Dr.. |
|
15000 |
|
| |
Z's Capital A/c Dr.. |
|
5000 |
|
| |
To Y's Capital A/c |
|
|
20000 |
| |
(Being deceased partner share of profit upto date of death) |
|
|
|
|
|
| Working Note : |
| The gaining ratio between X and Z is 3:1 which is the same as old ratio |
▶ Video Solution: Coming Soon
Question 7
| Profits for the year ended 31-Mar-2023 |
|
|
|
120000 |
|
|
| Profits for the year ended 31-Mar-2024 |
|
80000 |
|
|
| Profits for the year ended 31-Mar-2025 |
|
40000 |
|
|
| Profits for the year ended 31-Mar-2026 |
|
80000 |
|
|
| |
|
|
|
|
|
|
| Total Profits for last 4 years |
|
320000 |
|
|
| Bunty's share in profits |
|
3/8 |
|
|
| Profits credited to R during last 4 years |
|
120000 |
(320000*3/8) |
|
| |
|
|
|
|
|
|
| Bunty's share of goodwill |
|
60000 |
(120000*1/2) |
|
| (1/2 of the profits credited) |
|
|
|
|
|
|
| Date |
Particulars |
|
|
Dr Amt |
Cr Amt |
|
| 01-Apr-26 |
Adil's Capital A/c Dr.. |
|
48000 |
|
(60000*4/5) |
| |
Cris's Capital A/c Dr.. |
|
12000 |
|
(60000*1/5) |
| |
To Bunty's Capital A/c |
|
|
60000 |
|
| |
(Being deceased partner share of goodwill adjusted) |
|
|
|
|
|
| Working Note : |
| The gaining ratio between Adil and Cris is 4:1 which is the same as old ratio |
▶ Video Solution: Coming Soon
Question 8
| Q |
R |
Total |
|
|
| 1/6 |
1/3 |
1/2 |
|
|
| 1 |
2 |
3 |
|
|
| Case (a) |
|
| Goodwill of the firm |
60000 |
| P's profit share |
1/2 |
| |
|
| Q's CapitalA/c Dr.. |
|
|
10000 |
|
| R's Capital A/c Dr.. |
|
20000 |
|
| To P's Capital A/c |
|
|
|
30000 |
| Case (b) |
| First entry same as above |
| Second entry for existing goodwill write off |
| |
| P's Capital A/c Dr.. |
|
|
15000 |
|
| Q's CapitalA/c Dr.. |
|
10000 |
|
| R's Capital A/c Dr.. |
|
5000 |
|
| To Goodwill A/c |
|
|
|
30000 |
▶ Video Solution: Coming Soon
Question 9
| Firm closes books of accounts on 31st March every year |
| Navita died on 30-Jun-2025 |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Sales from start of Financial Year upto |
|
|
|
|
| Navita date of death |
|
Rs 600000 (Given) |
|
|
| |
|
|
|
|
|
|
| Profit ratio on sales is 10% |
|
|
|
|
| |
|
|
|
|
|
|
| Profits from start of Financial Year |
|
|
|
|
| upto Navita date of death = |
|
600000 X 10 /100 |
|
|
| (Apr to Jun) |
|
Rs 60000 |
|
|
| |
|
|
|
|
|
|
| Navita Share in Profits |
|
1/3 |
|
|
| Navita share in profits till date |
|
|
|
|
| of death will be |
|
60000 X 1/3 |
|
|
| |
|
|
|
Rs 20000 |
|
|
| Journal entries are not required in question. Given here just for information : |
| 30-Jun-25 |
Profit and Loss Suspence A/c Dr.. |
|
|
|
20000 |
|
| |
To Navita Capital A/c |
|
|
20000 |
| |
|
|
|
|
|
|
| 31-Mar-26 |
Profit and Loss Appr A/c Dr.. |
|
20000 |
|
| |
To Profit and Loss Suspence A/c |
|
|
|
|
20000 |
▶ 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
