Illustration No.

4
In the Books Of Asha, Usha & Nisha
Realisation A/c
Dr Cr
Particulars Amt Amt Particulars Amt Amt
To Sundry Assets A/c:- By Sundry Liabilities:-
Machinery 100000 R.D.D. 6000
Investment 48000 Creditors 80000
Debtors 110000 Bills Payble 28000
Stock 40000 298000 114000

To Bank A/c: By Bank A/c:-

Creditors 80000 Machinery 90000
Bills Payble 28000 Investment 42000
Expenses 6000 Stock 36000
Debtors 90000
114000 Goodwill 48000 306000

To Profit On Realisation
Transfer To Partners
Asha Capital 3200
Usha Capital 3200
Nisha Capital 1600
( Bal. Fig.) 8000

420000 420000

Partners Capital A/c

Dr Cr
Particulars Asha Usha Nisha Particulars Asha Usha Nisha
To P&L A/c ( Loss) 14400 14400 7200 By Balance B/d 120000 40000 40000
By Reserve A/c 4800 4800 2400
By Realisation A/c 3200 3200 1600
(profit)

To Bank A/c 113600 33600 36800

(Bal. fig.)
128000 48000 44000 128000 48000 44000
Dr Bank A/c Cr
Particulars Amt Amt Particulars Amt Amt
To Balance B/d 8000 By Realisation A/c 114000
To Realisation A/c 306000 By Asha Loan A/c 16000
By Asha Capital A/c 113600
By Usha Capital A/c 33600
By Nisha Capital A/c 36800

314000 314000

Dr Asha Loan A/c Cr

Particulars Amt Amt Particulars Amt Amt
To Bank A/c 16000 By Balance B/d 16000

16000 16000

Working Note
1. P&L
A = 36000*2/5 =14400
U=36000*2/5= 14400
N= 36000*1/5=7200
2. General Reserve
A= 12000*2/5 = 4800
U= 12000*2/5= 4800
N= 12000*1/5= 2400
3. Profit On Realisation
Asha = 8000*2/5 = 3200
Usha= 8000*2/5 = 3200
Nisha = 8000*1/5 = 1600