Write any two circumstances when a court can issue order for dissolution of a firm.
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Solution and Explanation
Top Questions on Dissolution of Partnership Firm
- Raja, Rajan and Rajani were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. On 31st March, 2024, their Balance Sheet was as follows. On the above date, the firm was dissolved. Assets were realised and liabilities were paid off as follows:
(i) Land and Building was sold for ₹ 20,00,000.
(ii) Plant and Machinery realised ₹ 40,000 less than their book value and furniture was taken over by the creditors in full settlement of their account.
(iii) Debtors and Bills Receivable realised ₹ 90,000.
(iv) 60% of the stock was taken over by Raja at 90% of the book value and the remaining stock realised at ₹ 44,000.
(v) Outstanding wages were paid in full.
(vi) Mrs. Raja's loan was paid with interest of ₹ 10,000.
(vii) Realisation expenses were ₹ 8,000. Prepare Realisation Account.- CBSE CLASS XII - 2025
- Accountancy
- Dissolution of Partnership Firm
Manav and Namit were partners in a firm sharing profits and losses in the ratio of 3 : 2. Their Balance Sheet as at 31st March 2024 was as follows:
Liabilities Assets Capitals: Machinery ₹8,00,000 Manav ₹4,00,000 Investments ₹5,00,000 Namit ₹6,00,000 Debtors ₹12,00,000 Bank Overdraft ₹9,00,000 Stock ₹3,00,000 Creditors ₹10,00,000 Cash in Hand ₹1,00,000 Total ₹29,00,000 Total ₹29,00,000 The firm was dissolved on the above date and the following transactions took place:
[(i)] Stock was given to creditors in full settlement of their account.
[(ii)] Investments were taken over by Manav at 120% of book value.
[(iii)] Bad debts amounted to ₹ 2,00,000.
[(iv)] Machinery was realised at 50% discount.
[(v)] Realisation expenses amounted to ₹ 1,00,000 which were paid by Namit.
Prepare Realisation Account.- CBSE CLASS XII - 2025
- Accountancy
- Dissolution of Partnership Firm
- What journal entries would you pass for the following transactions on the dissolution of a firm of A and B?
(i) Dissolution expenses amounted to Rs. 500.
(ii) Unrecorded assets realised Rs. 2,500.
(iii) Stock worth Rs. 2,000 already transferred to Realisation A/c was taken over by partner A.
(iv) Creditors, already transferred to Realisation A/c, were paid Rs. 3,000.
(v) Profit on realisation Rs. 4,000 is to be distributed between A and B in the ratio of 3 : 1.- Bihar Board XII - 2025
- Accountancy
- Dissolution of Partnership Firm
- When and why is realisation account prepared?
- Bihar Board XII - 2025
- Accountancy
- Dissolution of Partnership Firm
- If at the time of dissolution nothing is said about liabilities, then:
- Bihar Board XII - 2025
- Accountancy
- Dissolution of Partnership Firm
Questions Asked in MPBSE Class XII Board exam
निम्नलिखित में से किसी एक विषय पर निबंध लिखिए:
(i) पर्यावरण की सुरक्षा
(ii) दुखों की उपयोगिता
(iii) विद्यार्थी और अनुशासन
(iv) राष्ट्रीय एकता और अखंडता
(v) इंटरनेट का दैनिक जीवन में अनुपयोगपरीक्षा की तैयारी की जानकारी देते हुए पिता को पत्र लिखिए।
द्वनि विस्तारक यंत्रों पर प्रतिबंध लगाने हेतु जिला सचिव महोदय को प्रार्थना पत्र लिखिए।
निम्नलिखित गद्यांश की संदर्भ-प्रसंग सहित व्याख्या कीजिए: गद्यांश: पैसा पावर है। पर उसके स्वभाव में आस-पास सालों तक जमा न जमा हो तो क्या वह ताकत पावर है! पैसे को देखने के लिए बैंक-हिसाब सीट, पर माल-असबाब, मकान-कोठी तो अनदेखे भी दीखते हैं। पैसे के उस 'पेसींग पावर' के प्रयोग में ही पावर का खेल है।
निम्नलिखित गद्यांश की संदर्भ-प्रसंग सहित व्याख्या कीजिए: गद्यांश: एक बार वह 'डांग' देखने श्यामनगर शेला गया। पहलवानों की कुस्ती और डांव-पेच देखकर उससे नहीं रहा गया। जवानी की मस्ती और होल की ललकारती हुई आवाज़ ने उसकी नसों में बिजली उत्पन्न कर दी। उसने बिना कुछ सोचे-समझे दंगल में 'शेर के बच्चों' को चुनौति दे दी।