Reproduce the format of Realisation Account.

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Format of Realisation Account

Dr.

Cr.

Particulars

Amount

Rs

Particulars

Amount

Rs

Various Assets

(Excluding Cash/Bank, fictitious assets, Debit balance of P and L A/c, partner Capital A/c, Current A/c, Loan to Partner)

Cash/Bank

(Payment for realisation expenses)

Cash/Bank

(Payment to outside and unrecorded liabilities)

Partner's Capital A/c

(If any liability taken on expenses paid by him or remuneration payable to him)

Partner Capital A/c

(Profit on realisation distributed in the profit sharing ratio among all the partners)

–

–

–

–

Various Liabilities

(Excluding Partner Capital account, reserves, P and L A/c, Current A/c, Loan to Partner)

Provision on assets

(like, Provision for doubtful debts; Provision for depreciation)

Cash/Bank

(Amount received from realisation of assets and unrecorded assets)

Partner 's Capital A/c

(If any asset taken over by any partner)

Partner Capital A/c

(Loss on realisation borne by all the partners in their profit sharing ratio)

–

–

–

–

–

–

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