Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
|
|
|
|
|
|
a. |
Aman’s Capital A/c |
Dr. |
|
22,500 |
|
|
Bank A/c |
Dr. |
|
32,500 |
|
|
To Realisation A/c |
|
|
|
55,000 |
|
(Assets realized) |
|
|
|
|
|
|
|
|
|
|
b. |
Profit & Loss A/c |
Dr. |
|
15,000 |
|
|
To Aman’s Capital A/c |
|
|
|
7,500 |
|
To Harsh’s Capital A/c |
|
|
|
7,500 |
|
(Profit distributed) |
|
|
|
|
|
|
|
|
|
|
c. |
Harsh’s Loan A/c |
Dr. |
|
6,000 |
|
|
Realisation A/c |
Dr. |
|
200 |
|
|
To Bank A/c |
|
|
|
6,200 |
|
(Loan Discharged) |
|
|
|
|
|
|
Dr. |
|
5,000 |
|
d. |
Harsh’s Capital A/c |
|
|
|
5,000 |
|
To Bank A/c |
|
|
|
|
|
(Expenses paid on behalf of partner) |
|
|
|
|
|
|
|
|
|
|
e. |
Bank A/c |
Dr. |
|
300 |
|
|
To Realisation A/c |
|
|
|
300 |
|
(Amount received) |
|
|
|
|
|
|
|
|
|
|
|
Realisation A/c |
Dr. |
|
1,200 |
|
|
To Bank A/c |
|
|
|
1,200 |
|
(Amount paid) |
|
|
|
|
|
|
|
|
|
|
f. |
Realisation A/c |
Dr. |
|
1,250 |
|
|
To Bank A/c |
|
|
|
1,250 |
|
(Creditors paid) |
|
|
|
|
|
|
|
|
|
|
g. |
Aman’s Capital A/c |
Dr. |
|
4,000 |
|
|
Harsh’s Capital A/c |
Dr. |
|
4,000 |
|
|
To Realisation A/c |
|
|
|
8,000 |
|
(Loss on dissolution transferred to Partners’ Capital A/c) |
|
|
|
|
|
|
|
|
|