Q. 5. Dissolution Solution March 2018.

In the books of the firm.

Realisation A/c

Particulars	Rs.	Rs.	Particulars	Rs.	Rs.
To Sundry Assets:			By Sundry Liabilities:		10000
Plant and Machinery	40000		Sundry Creditors		42000
Investments	16000		By R.D.D. A/c		2000
Stock	60000		By Bank A/c
Debtors	36000	152000	Investment	10000
To Bank A/c			Stock	48000
Realisation Expenses	2000		Debtors	30000	88000
Creditors	42000
			By Ashwin Capital A/c [Machinery Took Over]		40000
			By Realization Loss:
			Ashwin Capital A/c	12000
			Bhavin Capital A/c	7200
			Pravin Capital A/c	4800	24000
		196000			196000

Partners Capital Accounts

Particulars	Ashwin	Bhavin	Pravin	Particulars	Ashwin	Bhavin	Pravin
To Realisation A/c	40000			By Balance b/d	40000	20000	8000
To Realisation A/c [Loss]	12000	7200	4800	By Reserve Fund A/c	20000	12000	8000
To Bank A/c	8000	24800	11200
	60000	32000	16000		60000	32000	16000

Bank Account

Particulars	Rs.	Particulars	Rs.
To Balance b/d	10000	By Realization A/c	44000
To Realisation A/c	88000	By Bhavin’s Loan A/c	10000
		By Ashwin Capital A/c	8000
		By Bhavin Capital A/c	24800
		By Pravin Capital A/c	11200
	98000		98000