Dissolution of partnership firm, sum no 12,

Shashwat and Shiv are equal partners. Their Balance Sheet stood as under : – Book Keeping and Accountancy

[6] Dissolution of Partnership Firm – Practical problem – (Balbharati Book Keeping and Accountancy 12th Board Exam)

Practical problem | Q 12 | Page 250

Shashwat and Shiv are equal partners. Their Balance Sheet stood as under :

Balance Sheets as on 31^st March 2019.

Solution

Working Note:

As partners were not able to pay their loss amount, difference of amount is considered as deficiency of partners.

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