Professional Documents
Culture Documents
Dr. Realisation Account for the year ended 31st March, 1998 Cr.
Particulars Amt. (₹) Amt. (₹) Particulars
To Sundry Assets By Bank A/c
Stock 30,000 Goodwill
Debtors 18,000 Buildings
Furniture 5,000 53,000 Machinery
To Bank A/c
Expenses on Realisation 1,000 1,000
By Loss on Realisation A/c
A's Capital A/c
B's Capital A/c
C's Capital A/c
54,000
998 Cr.
Amt. (₹) Amt. (₹)
22,000
15,000
2,000 39,000
5,000
5,000
5,000 15,000
54,000
In the Books of A, B and C
Dr. Partner's Capital Account Cr.
Particulars A B C Particulars A B
To Balance b/d 10000 By balance b/d 8000 5000
15000
15,000
Dr. Creditor's Account
Particulars J.F. Amt. (₹) Amt. (₹) Particulars J.F. Amt. (₹)
To Bank A/c 29,200 By Balance c/d
To Bank A/c 2,000
To Deficiency A/c 10,800
42,000
Cr.
Amt. (₹)
42,000
42,000
Dr. Bank Account
Particulars J.F. Amt. (₹) Amt. (₹) Particulars
To balance b/d 2000 By bank loan A/c
42,200
Cr.
J.F. Amt. (₹) Amt. (₹)
10000
1000
31200
42,200
Dr. Deficiency Account
Particulars J.F. Amt. (₹) Amt. (₹) Particulars
To C's Capital 15,000 By Creditor's A/c
15,000
Cr.
J.F. Amt. (₹) Amt. (₹)
10,800
4,200
15,000