Dr. |
Realistationn Account
|
Cr. |
||||
Particulars
|
Amount
Rs
|
Particulars
|
Amount
Rs
|
|||
Sundry Assets (WN 1)
|
1,26,000
|
Creditors
|
18,000
|
|||
|
|
Cash A/c (Assets Realised)
|
1,08,600
|
|||
Cash A/c:
|
|
Loss transferred to:
|
|
|||
Creditors
|
18,000
|
|
P’s Capital A/c
|
7,200
|
|
|
Expenses
|
1,800
|
19,800
|
Q’s Capital A/c
|
7,200
|
|
|
|
|
R’s Capital A/c
|
4,800
|
19,200
|
||
|
|
|
|
|||
|
1,45,800
|
|
1,45,800
|
|||
|
|
|
|
|||
Partners’ Capital Accounts
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Particulars
|
P
|
Q
|
R
|
Particulars
|
P
|
Q
|
R
|
||
Drawings A/c
|
8,000
|
7,000
|
5,000
|
Balance b/d
|
30,000
|
30,000
|
20,000
|
||
Realisation A/c (Loss)
|
7,200
|
7,200
|
4,800
|
Interest on Capital A/c
|
1,500
|
1,500
|
1,000
|
||
Cash A/c
|
32,800
|
33,800
|
22,200
|
P/L Appropriation A/c (WN 3)
|
9,000
|
9,000
|
6,000
|
||
|
|
|
|
General Reserve
|
7,500
|
7,500
|
5,000
|
||
|
48,000
|
48,000
|
32,000
|
|
48,000
|
48,000
|
32,000
|
||
|
|
|
|
|
|
|
|
Cash Account | |||||
Dr.
|
|
Cr.
|
|||
Particulars
|
Amount
Rs
|
Particulars
|
Amount
Rs
|
||
Realisation A/c
|
1,08,600
|
Realisation A/c
|
19,800
|
||
|
|
P’s Capital A/c
|
32,800
|
||
|
|
Q’s Capital A/c
|
33,800
|
||
|
|
R’s Capital A/c
|
22,200
|
||
|
|
|
|
||
|
1,08,600
|
|
1,08,600
|
||
|
|
|
|
Memorandum Balance Sheet
as on 31st March, 2018 |
||||
Liabilities
|
Amount
Rs
|
Assets
|
Amount
Rs
|
|
Capital A/cs:
|
|
Sundry Assets
|
1,26,000
|
|
P (WN 2)
|
22,000
|
|
(Balancing figure)
|
|
Q (WN 2)
|
23,000
|
|
|
|
R (WN 2)
|
15,000
|
60,000
|
|
|
General Reserve
|
20,000
|
|||
Profit and Loss A/c
|
28,000
|
|||
Creditors
|
18,000
|
|
|
|
|
1,26,000
|
|
1,26,000
|
|
|
|
|
|
Computatation of Partners' Capital after drawings as on 31st March, 2018
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Particulars
|
P
|
Q
|
R
|
Particulars
|
P
|
Q
|
R
|
||
Drawings A/c
|
8,000
|
7,000
|
5,000
|
Balance b/d
|
30,000
|
30,000
|
20,000
|
||
Adjusted Capital
|
22,000
|
23,000
|
15,000
|
||||||
|
30,000
|
30,000
|
20,000
|
|
30,000
|
30,000
|
20,000
|
||
|
|
|
|
|
|
|
|
Profit and Loss Appropriation Account | ||||||
Dr.
|
for the year ending 31st March, 2018
|
Cr.
|
||||
Particulars
|
Amount
Rs
|
Particulars
|
Amount
Rs
|
|||
Interest on Capital A/cs:
|
|
Profit and Loss A/c
|
28,000
|
|||
P
|
1,500
|
|
|
|
||
Q
|
1,500
|
|
|
|
||
R
|
1,000
|
4,000
|
|
|
||
Profit transferred to:
|
|
|
|
|||
P’s Capital A/c
|
9,000
|
|
|
|
||
Q’s Capital A/c
|
9,000
|
|
|
|
||
R’s Capital A/c
|
6,000
|
24,000
|
|
|
||
|
|
|
|
|||
|
28,000
|
|
28,000
|
|||
|
|
|
|