Stock 30000 capital account 27000 Deep’s Debtors 45000 capital account 40000 Prabhat’s capital 25000 Cash 110000 Prabhat’s capital 5000 Realisation Loss T/F to Deep’s cash 7000 Capital 27300 Deep’s capital 18200 45500 Prabhat’s 252500 252500 CAPITAL ACCOUNT PARTNER’S Particulars Deep Prabhat Particulars Deep Prabhat To realisation a/c 27000 40000 By balance b/d 90000 120000 To realisation A/c 27300 18200 By Realisation A/c 5000 25000 To cash 40700 86800 95000 145000 95000 145000 CASH ACCOUNT Particulars Amount Particulars Amount To Balance b/d 25000 By realisation A/c 7500 110000 capital a/c 40700 Deep’s capital a/c 86800 Prabhat’s 135000 135000 ANS(13): REALIZATION ACCOUNT Particulars Rs Particulars Rs To Land 81000 By Bank Loan 20000 To Stock 56760 By Creditors 37000 To Debtors 18600 By Provision for doubtful debts 1200 To Shilpa capital (bank loan) 20000 By Shilpa capital( stock) 35000 ToCash (expenses) 1200 By Bank(stock) 14000 To Cash(creditors) 31000 By Bank (debtors) 8000 To Profit on realisation By Bank(land) 110000 Shilpa 10470 By Bank(debtors) 4300 Meena 6980 Nanda 3490 20940 229500 229500 CAPITAL ACCOUNT Particulars Shilpa Meena Nanda Particular Shilpa meena Nanda Balance b/d 23000 Balance b/d 80000 40000 General reserve 6000 4000 2000 Realisation a/c 35000 Realisation(Bank) 20000 Profit on 10470 6980 3490 Cash 81470 50980 Realisation Cash (Nanda) 17510 116470 50980 23000 116470 50980 23000 CASH ACCOUNT Particulars Rs Particulars Rs Balance b/d 10840 Realisation expenses 1200 Realisation (stock) 14000 Realisation (Cr.) 31000 Realisation (Debtors) 8000 Shilpa Capital 81470 Realisation (Land) 110000 Meena Capital 50980 Realisation (Debtors) 4300 Nanda Capital 17510 164650 164650 ANS(14): REALISATION ACCOUNT
Stock Debtors Prabhat’s capital Deep’s capital cash 30000 45000 25000 5000 7000 252500 Deep’s capital account Prabhat’s capital account Cash Realisation Loss T/F to Deep’s Capital 27300 Prabhat’s capital 18200 27000 40000 110000 45500 252500 PARTNER’S CAPITAL ACCOUNT Particulars Deep Prabhat Particulars Deep Prabhat To realisation a/c To realisation A/c To cash 27000 27300 40700 40000 18200 86800 By balance b/d By Realisation A/c 90000 5000 120000 25000 95000 145000 95000 145000 CASH ACCOUNT Particulars Amount Particulars Amount To Balance b/d 25000 110000 By realisation A/c Deep’s capital a/c Prabhat’s capital a/c 7500 40700 86800 135000 135000 ANS(13): REALIZATION ACCOUNT Particulars Rs Particulars Rs To Land To Stock To Debtors To Shilpa capital (bank loan) ToCash (expenses) To Cash(creditors) To Profit on realisation Shilpa 10470 Meena 6980 Nanda 3490 81000 56760 18600 20000 1200 31000 20940 By Bank Loan By Creditors By Provision for doubtful debts By Shilpa capital( stock) By Bank(stock) By Bank (debtors) By Bank(land) By Bank(debtors) 20000 37000 1200 35000 14000 8000 110000 4300 229500 229500 CAPITAL ACCOUNT Particulars Shilpa Meena Nanda Particular Shilpa meena Nanda Balance b/d Realisation a/c Cash 35000 81470 50980 23000 Balance b/d General reserve Realisation(Bank) Profit on Realisation Cash (Nanda) 80000 6000 20000 10470 40000 4000 6980 2000 3490 17510 116470 50980 23000 116470 50980 23000 CASH ACCOUNT Particulars Rs Particulars Rs Balance b/d Realisation (stock) Realisation (Debtors) Realisation (Land) Realisation (Debtors) Nanda Capital 10840 14000 8000 110000 4300 17510 164650 Realisation expenses Realisation (Cr.) Shilpa Capital Meena Capital 1200 31000 81470 50980 164650 ANS(14): REALISATION ACCOUNT
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