|
Date
|
Particulars
|
LF
|
Debit
|
Credit
|
|
1.4.12
|
Reserve Fund A/c ....
Dr.
|
16000
|
||
|
To Vaishali’s Capital
A/c
|
6000
|
|||
|
To Madhuri’s Capital
Account
|
6000
|
|||
|
To Shobha’s Capital
A/c
|
4000
|
|||
|
[Being the Reserve
Fund is transferred. ]
|
||||
|
1.4.12
|
Revaluation A/c .....
Dr.
|
1200
|
||
|
To Stock A/c
|
1200
|
|||
|
[Being the stock is
depreciated]
|
||||
|
1.4.12
|
Revaluation A/c ....
Dr.
|
2800
|
||
|
To Machinery A/c
|
2800
|
|||
|
[Being the Machinery
is depreciated]
|
||||
|
1.4.12
|
Furniture A/c .... Dr.
|
800
|
||
|
To Revaluation A/c
|
800
|
|||
|
[Being the furniture
is appreciated]
|
||||
|
1.4.12
|
Revaluation A/c ....
Dr.
|
2000
|
||
|
To R.D.D. A/c
|
2000
|
|||
|
[Being the R.D.D. is
charged]
|
||||
|
1.4.12
|
Creditors A/c .... Dr.
|
400
|
||
|
To REvaluation A/c
|
400
|
|||
|
[Being discount
received on creditors]
|
||||
|
1.4.12
|
Vaishali’s Capital A/c
.... Dr.
|
1800
|
||
|
Madhuri’s Capital A/c
.... Dr.
|
1800
|
|||
|
Shobha’s Capital A/c
.... Dr.
|
1200
|
|||
|
To Revaluation A/c
|
4800
|
|||
|
[Being the loss made
on Revaluation ]
|
||||
|
1.4.12
|
Shobha’s Capital A/c
..... Dr.
|
38800
|
||
|
To Shobha’s Loan A/c
|
38800
|
|||
|
[Being the balance due
to retiring partner is transferred to her loan account]
|
Journal Entries In the books of Vaishali, Madhuri and Shobha
