|
||||
Liabilities |
Amount |
Assets |
Amount |
|
Sundry Creditors | 75,000 | Cash in Hand | 24,000 | |
General Reserve | 90,000 | Cash at Bank | 1,40,000 | |
Capital A/cs: | Sundry Debtors |
80,000 |
||
Ashish |
3,00,000 |
Stock | 1,40,000 | |
Aakash | 3,00,000 | Land and Building | 4,00,000 | |
Amit |
2,75,000 |
8,75,000 | Machinery | 2,50,000 |
Advertisement Suspense | 6,000 | |||
10,40,000 | 10,40,000 | |||
|
|
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount (₹) |
Credit Amount (₹) |
|
2019 |
|
|
|
|
|
April 1 |
General Reserve A/c |
Dr. |
|
90,000 |
|
|
To Ashish’s Capital A/c |
|
|
|
30,000 |
|
To Akash’s Capital A/c |
|
|
|
30,000 |
|
To Amit’s Capital A/c |
|
|
|
30,000 |
|
(Reserve distributed) |
|
|
|
|
|
|
|
|
|
|
April 1 |
Ashish’s Capital A/c |
Dr. |
|
2,000 |
|
|
Akash’s Capital A/c |
Dr. |
|
2,000 |
|
|
Amit’s Capital A/c |
Dr. |
|
2,000 |
|
|
To Advertisement Suspense A/c |
|
|
|
6,000 |
|
(Advertisement Suspense distributed) |
|
|
|
|
|
|
|
|
|
|
April 1 |
Revaluation A/c |
Dr. |
|
54,000 |
|
|
To Stock A/c |
|
|
|
15,000 |
|
To Machinery A/c |
|
|
|
25,000 |
|
To Provision for Doubtful Debts A/c |
|
|
|
4,000 |
|
To Akash’s Capital A/c (Remuneration) |
|
|
|
10,000 |
|
(Assets revalued) |
|
|
|
|
|
|
|
|
|
|
April 1 |
Land & Building A/c |
Dr. |
|
62,000 |
|
|
To Revaluation A/c |
|
|
|
62,000 |
|
(Assets revalued) |
|
|
|
|
|
|
|
|
|
|
April 1 |
Revaluation A/c |
Dr. |
|
8,000 |
|
|
To Ashish’s Capital A/c |
|
|
|
2,666 |
|
To Akash’s Capital A/c |
|
|
|
2,666 |
|
To Amit’s Capital A/c |
|
|
|
2,667 |
|
(Profit made) |
|
|
|
|
|
|
|
|
|