Liabilities |
Amount (₹) |
Assets |
Amount (₹) |
||
Bank Loan |
1,500 |
Trademarks |
1,200 |
||
Creditors for Goods |
8,000 |
Machinery |
12,000 |
||
Bills Payable |
500 |
Furniture |
400 |
||
Capital A/cs: |
Stock |
6,000 |
|||
Krishna |
16,000 |
Debtors |
9,000 |
||
Arjun |
6,000 |
22,000 |
Less: Provision for Bad Debts |
400 |
8,600 |
Cash at Bank |
2,800 |
||||
Advertisement Suspense |
1,000 |
||||
32,000 |
32,000 |
||||
Realisation Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Particulars |
Amount Rs |
Particulars |
Amount Rs |
||||||
Trade Marks |
1,200 |
Provision for Bad Debts |
400 |
||||||
Machinery |
12,000 |
Bank Loan |
1,500 |
||||||
Furniture |
400 |
Creditors for Goods |
8,000 |
||||||
Stock |
6,000 |
Bills Payable |
500 |
||||||
Debtors |
9,000 |
|
|
||||||
Bank A/c: |
|
Bank A/c: |
|
||||||
Bank Loan |
1,500 |
|
Goodwill |
1,000 |
|
||||
Creditors |
7,920 |
|
Debtors |
8,100 |
|
||||
Bills Payable |
500 |
|
Trade Marks |
800 |
|
||||
Expense |
800 |
10,720 |
Unrecorded Assets |
200 |
10,100 |
||||
|
|
Krishna’s Capital A/c: |
|
||||||
|
|
Machinery |
14,400 |
|
|||||
|
|
Stock in Trade |
3,600 |
18,000 |
|||||
|
|
Loss transferred to: |
|
||||||
|
|
Krishna’s Capital A/c |
656 |
|
|||||
|
|
Arjun’s Capital A/c |
164 |
820 |
|||||
|
|
|
|
||||||
|
39,320 |
|
39,320 |
||||||
|
|
|
|
Partners’ Capital Accounts |
||||||||||||
Dr. |
|
Cr. |
||||||||||
Particulars |
Krishna |
Arjun |
Particulars |
Krishna |
Arjun |
|||||||
Advertisement Suspense A/c |
800 |
200 |
Balance b/d |
16,000 |
6,000 |
|||||||
Realisation A/c (Assets ) |
18,000 |
– |
|
|
|
|||||||
Realisation A/c (Loss) |
656 |
164 |
Bank A/c |
3,456 |
– |
|||||||
Bank A/c |
– |
5,636 |
|
|
|
|||||||
|
19,456 |
6,000 |
|
19,456 |
6,000 |
|||||||
|
|
|
|
|
|
|
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount Rs |
Particulars |
Amount Rs |
||
Balance b/d |
2,800 |
Realisation A/c |
10,720 |
||
Realisation A/c |
10,100 |
Arjun’s Capital A/c |
5,636 |
||
Krishna’s Capital A/c |
3,456 |
|
|
||
|
|
|
|
||
|
16,356 |
|
16,356 |
||
|
|
|
|