Liabilities |
₹ |
Assets |
₹ |
|||||
Sundry Creditors |
20,000 |
Bank |
7,500 | |||||
Bills Payable | 25,500 | Sundry Debtors | 58,000 | |||||
Babu's Loan | 30,000 | Stock | 39,500 | |||||
Capital A/cs: | Machinery | 48,000 | ||||||
Ashok
|
70,000 | Investments |
|
42,000 | ||||
Babu | 55,000 | Freehold Property | 50,500 | |||||
Chetan | 27,000 | 1,52,000 | ||||||
Capital A/cs: | ||||||||
Ashok | 10,000 | |||||||
Babu | 5,000 | |||||||
Chetan | 3,000 | 18,000 | ||||||
|
2,45,000 |
|
2,45,500 | |||||
|
|
|
Realisation Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Particulars
|
Amount
(₹)
|
Particulars
|
Amount
(₹)
|
||||||
Sundry Debtors
|
58,000
|
Sundry Creditors
|
20,000
|
||||||
Stock
|
39,500
|
Bills Payable
|
25,500
|
||||||
Machinery
|
48,000
|
Ashok’s Current A/c (Investment)
|
40,000
|
||||||
Investment
|
42,000
|
Babu’s Current A/c (Machinery)
|
45,000
|
||||||
Freehold property
|
50,500
|
Chetan’s Current A/c
|
55,000
|
||||||
Bank:
|
(Freehold property)
|
||||||||
Sundry Creditors
|
18,600
|
Bank:
|
|||||||
Bills Payable
|
25,500
|
Sundry Debtors
|
56,500
|
||||||
Expenses
|
3,000
|
47,100
|
Stock
|
36,500
|
|||||
Realisation Profit
|
Unrecorded Computer
|
9,000
|
1,02,000
|
||||||
Ashok’s Current A/c
|
1,200
|
||||||||
Babu’s Current A/c
|
800
|
||||||||
Chetan’s Current A/c
|
400
|
2,400
|
|||||||
2,87,500
|
2,87,500
|
||||||||
Partners' Current Account
|
||||||||||
Dr.
|
Cr.
|
|||||||||
Particulars |
Ashok |
Babu |
Chetan |
Particulars |
Ashok |
Babu |
Chetan |
|||
Realisation
|
40,000
|
45,000
|
55,000
|
Balance b/d
|
10,000
|
5,000
|
3,000
|
|||
(Assets taken)
|
Realisation (Profit)
|
1,200
|
800
|
400
|
||||||
Ashok's Capital A/c
|
28,800
|
|||||||||
Babu's Capital A/c
|
39200
|
|||||||||
Chetan's Capital A/c
|
51600
|
|||||||||
40,000
|
45,000
|
55,000
|
40,000
|
45,000
|
55,000
|
|||||
Partners' Capital Account
|
||||||||||
Dr.
|
Cr.
|
|||||||||
Particulars
|
Ashok
|
Babu
|
Chetan
|
Particulars
|
Ashok
|
Babu
|
Chetan
|
|||
Ashok's Current A/c
|
28,800
|
Balance b/d
|
70,000
|
55,000
|
27,000
|
|||||
Babu's Current A/c
|
39200
|
Bank A/c
|
24,600
|
|||||||
Chetan's Current A/c
|
51600
|
|||||||||
Bank A/c
|
41,200
|
15,800
|
||||||||
70,000
|
55,000
|
51,600
|
70,000
|
55,000
|
51,600
|
|||||
Babu’s Loan A/c
|
|||||
Dr. | Cr. | ||||
Particulars
|
Amount
(₹) |
Particulars
|
Amount
(₹) |
||
Bank A/c |
30,000
|
Balance b/d |
30,000
|
||
30,000
|
30,000
|
||||
Bank Account
|
||||||
Dr.
|
|
Cr.
|
||||
Particulars
|
Amount
(₹) |
Particulars
|
Amount
(₹) |
|||
Balance b/d
|
7,500
|
Realisation A/c (Payment of Expenses& Liabilities)
|
47,100
|
|||
Realisation A/c (Assets realised)
|
102,000
|
and Liabilities)
|
||||
Chetan’s Capital A/c
|
24,600
|
Babu’s Loan
|
30,000
|
|||
Ashok’s Capital A/c
|
41,200
|
|||||
Babu’s Capital A/c
|
15,800
|
|||||
1,34,100
|
1,34,100
|
|||||