{"id":84397,"date":"2023-05-01T15:00:00","date_gmt":"2023-05-01T09:30:00","guid":{"rendered":"https:\/\/www.kopykitab.com\/blog\/?p=84397"},"modified":"2023-10-05T15:07:38","modified_gmt":"2023-10-05T09:37:38","slug":"dk-goel-accountancy-class-12-solutions-vol-1-chapter-5-dissolution-of-a-partnership-firm","status":"publish","type":"post","link":"https:\/\/www.kopykitab.com\/blog\/dk-goel-accountancy-class-12-solutions-vol-1-chapter-5-dissolution-of-a-partnership-firm\/","title":{"rendered":"DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 Dissolution of a Partnership Firm (Updated For 2023)"},"content":{"rendered":"\n<p><img class=\"alignnone size-full wp-image-148059\" src=\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/11\/Class-12-Solutions-Vol-1-Chapter-5-Dissolution-of-a-Partnership-Firm.jpg\" alt=\"DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 Dissolution of a Partnership Firm\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/11\/Class-12-Solutions-Vol-1-Chapter-5-Dissolution-of-a-Partnership-Firm.jpg 1200w, https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/11\/Class-12-Solutions-Vol-1-Chapter-5-Dissolution-of-a-Partnership-Firm-768x432.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p><strong>DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 Dissolution of a Partnership Firm:\u00a0<\/strong>You can find the most accurate and to-the-point Accountancy Solutions in DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 Dissolution of a Partnership Firm. You can clear your doubts, prepare for your exam and solve assignments with it.\u00a0<\/p>\n<p>Download the Free PDF of <a href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-class-12-accountancy-solutions\/\" target=\"_blank\" rel=\"noopener\">DK Goel Accountancy Class 12 Solutions<\/a> Vol 1 Chapter 5 Dissolution of a Partnership Firm using the download link given in this blog. To know more, read the whole blog.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_47_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69d3a46e8de1a\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d3a46e8de1a\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-visibility-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-accountancy-class-12-solutions-vol-1-chapter-5-dissolution-of-a-partnership-firm\/#download-dk-goel-accountancy-class-12-solutions-vol-1-chapter-5-dissolution-of-a-partnership-firm-pdf\" title=\"Download DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 Dissolution of a Partnership Firm PDF\">Download DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 Dissolution of a Partnership Firm PDF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-accountancy-class-12-solutions-vol-1-chapter-5-dissolution-of-a-partnership-firm\/#access-solutions-of-dk-goel-accountancy-class-12-solutions-vol-1-chapter-5-dissolution-of-a-partnership-firm\" title=\"Access Solutions Of DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 Dissolution of a Partnership Firm\">Access Solutions Of DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 Dissolution of a Partnership Firm<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-accountancy-class-12-solutions-vol-1-chapter-5-dissolution-of-a-partnership-firm\/#faqs-on-dk-goel-accountancy-class-12-solutions-volume-1-chapter-5-dissolution-of-a-partnership-firm\" title=\"FAQs on DK Goel Accountancy Class 12 Solutions Volume 1 Chapter 5 Dissolution of a Partnership Firm\">FAQs on DK Goel Accountancy Class 12 Solutions Volume 1 Chapter 5 Dissolution of a Partnership Firm<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-accountancy-class-12-solutions-vol-1-chapter-5-dissolution-of-a-partnership-firm\/#from-where-can-i-find-the-download-link-for-the-dk-goel-accountancy-class-12-solutions-vol-1-chapter-5-%e2%80%93-dissolution-of-a-partnership-firm-pdf\" title=\"From where can I find the download link for the DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 &#8211; Dissolution of a Partnership Firm PDF?\">From where can I find the download link for the DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 &#8211; Dissolution of a Partnership Firm PDF?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-accountancy-class-12-solutions-vol-1-chapter-5-dissolution-of-a-partnership-firm\/#how-much-does-it-cost-to-download-the-dk-goel-accountancy-class-12-solutions-vol-1-chapter-5-%e2%80%93-dissolution-of-a-partnership-firm-pdf\" title=\"How much does it cost to download the\u00a0DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 &#8211; Dissolution of a Partnership Firm\u00a0PDF?\">How much does it cost to download the\u00a0DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 &#8211; Dissolution of a Partnership Firm\u00a0PDF?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-accountancy-class-12-solutions-vol-1-chapter-5-dissolution-of-a-partnership-firm\/#can-i-access-the-dk-goel-accountancy-class-12-solutions-vol-1-chapter-5-%e2%80%93-dissolution-of-a-partnership-firm-pdf-offline\" title=\"Can I access the\u00a0DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 &#8211; 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}<br \/>\n<\/style><\/p>\n<p style=\"text-align: justify;\"><script src=\"https:\/\/www.kopykitab.com\/_utility\/js\/pdfobject.min.js\"><\/script><br \/><script>PDFObject.embed(\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/11\/Dk-Goel-Accountancy-Class-12-Solution-Vol-1-Chapter-5.pdf\", \"#example1\");<\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"access-solutions-of-dk-goel-accountancy-class-12-solutions-vol-1-chapter-5-dissolution-of-a-partnership-firm\"><\/span>Access Solutions Of DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 Dissolution of a Partnership Firm<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Question 1<\/strong><\/p>\n<p align=\"justify\">A, B, and C were partners in a company sharing profits in the ratio 4:3:3. On 1-4-2015 they decided to dissolve the company. On that date, A\u2019s capital was \u20b91,25,000, B\u2019s capital was \u20b945,000 and C\u2019s capital was \u20b915,000(Dr.). The creditors amounted to \u20b923,150 and cash in hand was \u20b93,920. The assets realized \u20b91,44,910 and the expenses of dissolution were \u20b91,860. Prepare a realization account and show your work clearly.<\/p>\n<p><strong>Solution:<\/strong><\/p>\n<table class=\"table table-bordered\">\n<tbody>\n<tr>\n<td colspan=\"5\"><strong>Balance Sheet as of 1st April 2015<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Liabilities<\/strong><\/td>\n<td>\u00a0<\/td>\n<td><strong>\u20b9<\/strong><\/td>\n<td><strong>Assets<\/strong><\/td>\n<td><strong>\u20b9<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Creditors<\/td>\n<td>\u00a0<\/td>\n<td>23,150<\/td>\n<td>Cash in Hand<\/td>\n<td>3,920<\/td>\n<\/tr>\n<tr>\n<td>Capital Accounts:<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>C\u2019s Capital (Dr.)<\/td>\n<td>15,000<\/td>\n<\/tr>\n<tr>\n<td>A<\/td>\n<td>1,25,000<\/td>\n<td>\u00a0<\/td>\n<td>Sundry Assets(Balancing Fig.)<\/td>\n<td>1,74,230<\/td>\n<\/tr>\n<tr>\n<td>B<\/td>\n<td>45,000<\/td>\n<td>1,70,000<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>1,93,150<\/td>\n<td>\u00a0<\/td>\n<td>1,93,150<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"table table-bordered\">\n<tbody>\n<tr>\n<td><strong>Dr.<\/strong><\/td>\n<td colspan=\"2\"><strong>Realization Account<\/strong><\/td>\n<td>\u00a0<\/td>\n<td><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Particular<\/strong><\/td>\n<td><strong>\u20b9<\/strong><\/td>\n<td><strong>Particular<\/strong><\/td>\n<td>\u00a0<\/td>\n<td><strong>\u20b9<\/strong><\/td>\n<\/tr>\n<tr>\n<td>To Sunder Assets<\/td>\n<td>1,74,230<\/td>\n<td>By Creditors<\/td>\n<td>\u00a0<\/td>\n<td>23,150<\/td>\n<\/tr>\n<tr>\n<td>To Cash (Creditors paid)<\/td>\n<td>23,150<\/td>\n<td>By Cash (Assets realized)<\/td>\n<td>\u00a0<\/td>\n<td>1,44,910<\/td>\n<\/tr>\n<tr>\n<td>To Cash (Expenses)<\/td>\n<td>1,860<\/td>\n<td>By Loss on Realization transferred to:<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>A\u2019s Capital A\/c<\/td>\n<td>12,472<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>B\u2019s Capital A\/c<\/td>\n<td>9,354<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>C\u2019s Capital A\/c<\/td>\n<td>9,354<\/td>\n<td>31,180<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>1,99,240<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>1,99,240<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Question 2<\/strong><\/p>\n<p>Give the necessary journal entries in each of the following alternative cases:<\/p>\n<p>(i) Realization expenses amounted to 500<\/p>\n<p>(ii) Realization expenses paid by the company amounted to \u20b9500 and the partner has to bear the realization expenses<\/p>\n<p>(iii) \u2018A\u2019 one of the partners was to bear all the realization expenses for which he was given a commission of 2% of net cash realized from dissolution. Cash realized from assets was \u20b925,000 and cash paid for liabilities amounted to \u20b95,000<\/p>\n<p><strong>Solution:<\/strong><\/p>\n<table class=\"table table-bordered\">\n<tbody>\n<tr>\n<td colspan=\"6\"><strong>Journal<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Date<\/strong><\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td>\u00a0<\/td>\n<td><strong>L.F<\/strong><\/td>\n<td><strong>Dr.(\u20b9)<\/strong><\/td>\n<td><strong>Cr.(\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\">(i)<\/td>\n<td>Realization A\/c<\/td>\n<td>Dr.<\/td>\n<td>\u00a0<\/td>\n<td>500<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>To Bank A\/c\n<p>\u00a0<\/p>\n<p>(Payment of realization expenses)<\/p>\n<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>500<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\">(ii)<\/td>\n<td>Partner\u2019s Capital A\/c<\/td>\n<td>Dr.<\/td>\n<td>\u00a0<\/td>\n<td>500<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>To Bank A\/c\n<p>\u00a0<\/p>\n<p>(Payment of realization expenses by the firm on behalf of the partner)<\/p>\n<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>500<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"6\">(iii)<\/td>\n<td>Bank A\/c<\/td>\n<td>Dr.<\/td>\n<td>\u00a0<\/td>\n<td>25,000<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>To Realization A\/c\n<p>\u00a0<\/p>\n<p>(Amount realized on the sale of assets)<\/p>\n<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>25,000<\/td>\n<\/tr>\n<tr>\n<td>Realization A\/c<\/td>\n<td>Dr.<\/td>\n<td>\u00a0<\/td>\n<td>5,000<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>To Bank A\/c\n<p>\u00a0<\/p>\n<p>(Amount paid for liabilities)<\/p>\n<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>5,000<\/td>\n<\/tr>\n<tr>\n<td>Realization A\/c<\/td>\n<td>Dr.<\/td>\n<td>\u00a0<\/td>\n<td>400<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>To A\u2019s Capital A\/c\n<p>\u00a0<\/p>\n<p>(Commission allowed to A @2% on \u20b920,000 i.e 25,000 \u2013 5,000)<\/p>\n<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>400<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Question 3<\/strong><\/p>\n<p>A and B share profits and losses in the ratio of 3:2. They have decided to dissolve the firm. Assets and external liabilities have been transferred to realization A\/c. Pass the journal entries to affect the following.<\/p>\n<p>(1) Bank Loan of \u20b912,000 is paid off.<\/p>\n<p>(2) A was to bear all expenses of realization for which he is given a commission of \u20b9400<\/p>\n<p>(3) Deferred Advertisement Expenditure A\/c appeared in the book at 28,000<\/p>\n<p>(4) Stock worth \u20b91,600 was taken over by B at \u20b91,200<\/p>\n<p>(5) An unrecorded computer realized \u20b97,000<\/p>\n<p>(6) There was an outstanding bill of repairs for \u20b92,000, which was paid off.<\/p>\n<p><strong>Solution:<\/strong><\/p>\n<table class=\"table table-bordered\">\n<tbody>\n<tr>\n<td colspan=\"6\">Journal<\/td>\n<\/tr>\n<tr>\n<td>Date<\/td>\n<td>Particulars<\/td>\n<td>\u00a0<\/td>\n<td>L.F<\/td>\n<td>Dr.(\u20b9)<\/td>\n<td>Cr.(\u20b9)<\/td>\n<\/tr>\n<tr>\n<td>1<\/td>\n<td>Realization A\/c<\/td>\n<td>Dr.<\/td>\n<td>\u00a0<\/td>\n<td>12,000<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>To Bank A\/c\n<p>\u00a0<\/p>\n<p>(Bank loan discharged)<\/p>\n<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>12,000<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>Realization A\/c<\/td>\n<td>Dr.<\/td>\n<td>\u00a0<\/td>\n<td>400<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>To A\u2019s Capital A\/c\n<p>\u00a0<\/p>\n<p>(Commission payable to A)<\/p>\n<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>400<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>A\u2019s Capital A\/c\n<p>\u00a0<\/p>\n<p>B\u2019s Capital A\/c<\/p>\n<\/td>\n<td>Dr.\n<p>\u00a0<\/p>\n<p>Dr.<\/p>\n<\/td>\n<td>\u00a0<\/td>\n<td>16,800\n<p>\u00a0<\/p>\n<p>11,200<\/p>\n<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>To Deferred Advertisement Expenditure A\/c\n<p>\u00a0<\/p>\n<p>(Transfer of fictitious asset to partner\u2019s capital accounts)<\/p>\n<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>28,000<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>B\u2019s Capital A\/c<\/td>\n<td>Dr.<\/td>\n<td>\u00a0<\/td>\n<td>1,200<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>To Realization A\/c\n<p>\u00a0<\/p>\n<p>(Stock taken over by B)<\/p>\n<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>1,200<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>Bank A\/c<\/td>\n<td>Dr.<\/td>\n<td>\u00a0<\/td>\n<td>7,000<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>To Realization A\/c\n<p>\u00a0<\/p>\n<p>(Amount realized from unrecorded computers)<\/p>\n<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>7,000<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>Realization A\/c<\/td>\n<td>Dr.<\/td>\n<td>\u00a0<\/td>\n<td>2,000<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>To Bank A\/c\n<p>\u00a0<\/p>\n<p>(Payment of outstanding repairs)<\/p>\n<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>2,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Question 4<\/strong><\/p>\n<p align=\"justify\">If the total assets are \u20b95,00,000, total liabilities are \u20b91,00,000, the amount realized on the sale of assets is \u20b9 4,20,000, and realization expenses are \u20b95,000, what will be the profit or loss on realization?<\/p>\n<p><strong>Solution:<\/strong><\/p>\n<p>Profit and loss of realization can be calculated by preparing a realization account as follows.<\/p>\n<table class=\"table table-bordered\">\n<tbody>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\"><strong>Realization Account<\/strong><\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td><strong>Particular<\/strong><\/td>\n<td><strong>\u20b9<\/strong><\/td>\n<td><strong>Particular<\/strong><\/td>\n<td><strong>\u20b9<\/strong><\/td>\n<\/tr>\n<tr>\n<td>To Assets\n<p>\u00a0<\/p>\n<p>To Bank(Liabilities paid)<\/p>\n<p>To Bank(expenses of realization)<\/p>\n<\/td>\n<td>5,00,000\n<p>\u00a0<\/p>\n<p>1,00,000<\/p>\n<p>5,000<\/p>\n<\/td>\n<td>By liabilities\n<p>\u00a0<\/p>\n<p>By Bank(Assets realized)<\/p>\n<\/td>\n<td>1,00,000\n<p>\u00a0<\/p>\n<p>4,20,000<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>By Capital A\/c\n<p>\u00a0<\/p>\n<p>(Loss on realization)<\/p>\n<\/td>\n<td>85,000<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>6,05,000<\/td>\n<td>\u00a0<\/td>\n<td>6,05,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This is the complete blog on DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 &#8211; Dissolution of a Partnership Firm. To know more about the <a href=\"https:\/\/www.cbse.gov.in\/\" target=\"_blank\" rel=\"noopener\">CBSE<\/a> Class 12 Accountancy exams, ask in the comments,<\/p>\n<h2><span class=\"ez-toc-section\" id=\"faqs-on-dk-goel-accountancy-class-12-solutions-volume-1-chapter-5-dissolution-of-a-partnership-firm\"><\/span>FAQs on DK Goel Accountancy Class 12 Solutions Volume 1 Chapter 5 Dissolution of a Partnership Firm<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1636192229503\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"from-where-can-i-find-the-download-link-for-the-dk-goel-accountancy-class-12-solutions-vol-1-chapter-5-%e2%80%93-dissolution-of-a-partnership-firm-pdf\"><\/span>From where can I find the download link for the DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 &#8211; Dissolution of a Partnership Firm PDF?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>You can find the download link of\u00a0DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 Dissolution of a Partnership Firm\u00a0PDF\u00a0in the above blog.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1636192240094\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"how-much-does-it-cost-to-download-the-dk-goel-accountancy-class-12-solutions-vol-1-chapter-5-%e2%80%93-dissolution-of-a-partnership-firm-pdf\"><\/span>How much does it cost to download the\u00a0DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 &#8211; Dissolution of a Partnership Firm\u00a0PDF?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>You can download DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 &#8211; Dissolution of a Partnership Firm\u00a0PDF for free.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1636192253239\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"can-i-access-the-dk-goel-accountancy-class-12-solutions-vol-1-chapter-5-%e2%80%93-dissolution-of-a-partnership-firm-pdf-offline\"><\/span>Can I access the\u00a0DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 &#8211; Dissolution of a Partnership Firm\u00a0PDF Offline?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Once you have downloaded the DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 &#8211; Dissolution of a Partnership Firm\u00a0PDF online, you can access it offline whenever you want.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1636192271932\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"is-the-dk-goel-accountancy-class-12-solutions-vol-1-chapter-%e2%80%93-5-dissolution-of-a-partnership-firm-a-credible-source-for-class-12-accountancy-exam-preparation\"><\/span>Is the\u00a0DK Goel Accountancy Class 12 Solutions Vol 1 Chapter &#8211; 5 Dissolution of a Partnership Firm\u00a0a credible source for Class 12 Accountancy exam preparation?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, the solutions of DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 &#8211; Dissolution of a Partnership Firm\u00a0are prepared by the subject matter experts, hence credible.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 Dissolution of a Partnership Firm:\u00a0You can find the most accurate and to-the-point Accountancy Solutions in DK Goel Accountancy Class 12 Solutions Vol 1 Chapter 5 Dissolution of a Partnership Firm. 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