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
|
