BALANCE SHEET as at 31st March, 2019 | ||||
Liabilities | Amount (₹) |
Assets | Amount (₹) |
|
Creditors | 38,000 | Cash at Bank | 11,500 | |
Mrs. A's Loan | 10,000 | Stock | 6,000 | |
B's Loan | 15,000 | Debtors | 19,000 | |
Reserve | 5,000 | Furniture | 4,000 | |
A's Capital | 10,000 | Plant | 28,000 | |
B's Capital | 8,000 | 18,000 | Investments | 10,000 |
Profit and LossA/C | 7,500 | |||
86,000 | 86,000 | |||
Realisation Account |
|||||||
Dr. |
|
Cr. |
|||||
Particulars |
Amount (₹) |
Particulars |
Amount (₹) |
||||
Stock |
6,000 |
Creditors |
38,000 |
||||
Debtors |
19,000 |
Mrs. A’s Loan |
10,000 |
||||
Furniture |
4,000 |
|
|
||||
Plant |
28,000 |
A’s Capital A/c (Investments) |
8,000 |
||||
Investments |
10,000 |
Bank A/c: |
|
||||
A’s Capital A/c (Mrs. A’s loan) |
10,000 |
Stock |
5,000 |
|
|||
Bank A/c : |
|
Debtors |
18,500 |
|
|||
Expenses |
1,600 |
|
Furniture |
4,500 |
|
||
Creditors |
37,000 |
38,600 |
Plant |
25,000 |
53,000 |
||
|
|
Loss transferred to: |
|
||||
|
|
A’s Capital A/c |
3,960 |
|
|||
|
|
B’s Capital A/c |
2,640 |
6,600 |
|||
|
1,15,600 |
|
1,15,600 |
||||
|
|
|
|
Partners’ Capital Accounts |
|||||||
Dr. |
|
Cr. |
|||||
Particulars |
A |
B |
Particulars |
A |
B |
||
Realisation (loss) |
3,960 |
2,640 |
Balance b/d |
10,000 |
8,000 |
||
Realisation A/c |
8,000 |
– |
Reserve A/c |
3,000 |
2,000 |
||
Profit and Loss A/c |
4,500 |
3,000 |
Realisation A/c |
10,000 |
– |
||
Bank A/c |
6,540 |
4,360 |
|
|
|
||
|
23,000 |
10,000 |
|
23,000 |
10,000 |
||
|
|
|
|
|
|
||
B’s Loan Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (₹) |
Particulars |
Amount (₹) |
||
|
|
Balance b/d |
15,000 |
||
Bank A/c |
15,000 |
|
|
||
|
15,000 |
|
15,000 |
||
|
|
|
|
Bank Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (₹) |
Particulars |
Amount (₹) |
||
Balance b/d |
11,500 |
Realisation A/c |
38,600 |
||
Realisation A/c |
53,000 |
A’s Capital A/c |
6,540 |
||
|
|
B’s Capital A/c |
4,360 |
||
|
|
B’s Loan A/c |
15,000 |
||
|
64,500 |
|
64,500 |
||
|
|
|
|