5. In the books of Partnership Firm
Realisation Account.
Particulars
|
Amount
|
Amount
|
Particulars
|
Amount
|
Amount
|
To Sundry Assets:
|
By Sundry Liabilities
(Sundry Creditors)
|
39700
| |||
Plant and Machinery A/c
|
40000
|
By R.D.D. A/c
|
1000
| ||
Furniture A/c
|
12000
|
By Bank A/c
| |||
Sundry Debtors A/c
|
61000
|
Plant and Macinery
|
30000
| ||
Stock A/c
|
28300
|
141300
|
Sundry Debtors
|
58000
|
88000
|
To Bank A/c
(Sundry Creditors)
|
38000
|
By Akbar’s Capital A/c
(Plant and Machinery)
|
10000
| ||
To Bank A/c
(Realisation Expenses)
|
2000
|
By Birbal’s Capital A/c
[Stock ]
|
27000
| ||
By Partners’ Capital A/c
| |||||
Akbar
|
9360
| ||||
Birbal
|
6240
|
15600
| |||
181300
|
181300
|
Partners’ Capital Accounts
Particulars
|
Akbar
|
Birbal
|
Particulars
|
Akbar
|
Birbal
|
To Realization A/c
(Assets taken over)
|
10000
|
27000
|
By Balace b/d
|
60000
|
40000
|
To Realisation A/c
(Loss)
|
9360
|
6240
|
By General Reserve A/c
[Transfer]
|
12000
|
8000
|
To Bank A/c
(Final Settlement)
|
52640
|
14760
| |||
72000
|
48000
|
72000
|
48000
|
Bank Account.
Particulars
|
Amount
|
Amount
|
Particulars
|
Amount
|
Amount
|
To Balance b/d
|
19400
|
By Realisation A/c
(Sundry Creditors)
|
38000
| ||
To Realisation A/c
(Assets Sold)
|
88000
|
By Realization A/c
(Expenses paid)
|
2000
| ||
By Akbar’s Capital A/c
[Final settlement]
|
52640
| ||||
By Birbal’s Capital A/c
[Final Settlement]
|
14760
| ||||
107400
|
107400
|
