Dissolution of Partnership Firm | T.S. Grewal Class 12 Accountancy | Question 33 & 34 Solutions

Class 12 Accountancy – Dissolution of Partnership Firm 📚 In this video, we will solve Question No. 33 and 34 from T.S. Grewal Accountancy Book. Learn the step-by-step solutions of Dissolution of Partnership Firm in an easy and simple way. This video is helpful for Class 12 Commerce students preparing for Accountancy exams and board examinations. 📌 Topics Covered: Dissolution of Partnership Firm T.S. Grewal Solutions Class 12 Question No. 33 Solution Question No. 34 Solution Class 12 Accountancy Numericals Partnership Accounts – Important Questions If you find this video helpful, please LIKE, SHARE, and SUBSCRIBE to the channel for more Class 12 Accountancy solutions. Prashant and Rajesh are partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2025, their Balance Sheet was: Balance Sheet as on 31st March, 2025 Liabilities ₹ Assets ₹ Bank Overdraft 30,000 Cash in Hand 6,000 General Reserve 56,000 Bank Balance 10,000 Investments Fluctuation Reserve 20,000 Sundry Debtors 26,000 Loan by Prashant 34,000 Less: Provision for Doubtful Debts (2,000) Capital A/c: Net Debtors 24,000 Prashant 50,000 Investments 40,000 Stock 10,000 Furniture 10,000 Building 60,000 Rajesh’s Capital 30,000 Total 1,90,000 Total 1,90,000 On that date, the partners decide to dissolve the firm. Prashant took Investments at an agreed value of ₹35,000. Other assets were realised as follows: Sundry Debtors: Full amount. The firm could realise Stock at 15% less and Building was sold at ₹1,00,000. Compensation to employees paid by the firm was ₹10,000. This liability was not provided Capital A/cs: Net Debtors 69,400 Yogesh 21,000 Advertisement Suspense A/c 1,10,600 Naresh 21,000 Total 2,16,000 Total 2,16,000 The firm was dissolved on the following terms: (a) Yogesh was to pay his wife’s loan. (b) Debtors realised ₹60,060. (c) Naresh was to take investments at an agreed value of ₹26,000. (d) Creditors were payable after two months but were paid immediately at a discount of 15% p.a. (e) A Debtor previously written off as Bad Debt paid ₹16,670. (f) An unrecorded asset realised ₹10,000. Prepare Realisation Account, Partners’ Capital #Class12Accountancy, #TSGrewal, #DissolutionOfPartnershipFirm, #TSGrewalSolutions, #AccountancySolutions, #Question33, #Question34, #Class12Commerce, #PartnershipAccounts, #CBSEClass12, #AccountancyClass12, #CommerceStudents, #Class12Accounts dissolution of partnership firm class 12, TS Grewal class 12 accountancy solutions, T S Grewal dissolution of partnership firm, TS Grewal question 33 solution, TS Grewal question 34 solution, dissolution of partnership firm question 33 and 34, class 12 accountancy chapter dissolution, dissolution of partnership firm numericals, class 12 accountancy solutions, TS Grewal accountancy book solutions, dissolution of partnership firm CBSE, class 12 commerce accountancy, partnership accounts class 12, dissolution of partnership firm in Hindi, TS Grewal solutions in Hindi, class 12 accountancy important questions, dissolution of partnership firm question answers, CBSE class 12 accountancy solutions, TS Grewal chapter solutions, accountancy question 33 and 34 solution #Class12Accountancy #TSGrewal #DissolutionOfPartnershipFirm #AccountancySolutions #Question33 #Question34 #Class12Commerce #PartnershipAccounts