To stock 10,000 By Provision for bad debts 5,000 To Debtors 25,000 By Sundry Creditors 16,600 To Plant and Machinery 40,000 By Bills Payable 3,400 To Bank By Mortgage Loan 15,000 Sundry Creditors 16,000 By Bank- Assets Realized : Bills payable 3,000 Stock 6,700 Mortgage Loan 15,000 34,400 Debtors 12,500 TO Bank (Outstanding repairs) 400 Plant and Machinery 36,000 TO Bank (Expenses) 620 By Bank-Unrecorded Assets 55,200 Realised 6,220 By------------------------ --------- 1,10,420 1,10,420 Dr. Capital Account Cr. Particulars Bora Singh Ibrahim Particulars Bora Rs. Singh Ibrahi Rs. Rs. Rs. Rs. Rs. By balance b/d 22,000 18,000 10,000 By general reserve 2,500 1,500 500 24,500 19,500 10,500 24,500 19,500 10,500 Dr. Bank account Cr. Particulars Rs. Particulars Rs. To Balance b/d 19,500 By Realisation (liabilities) 34,000 To Realisation (Assets 55,200 By Realisation (Unrecorded Liabilities 400 realized) By------------------------- ------------- ------------------------------ ------------- By-------------------------- ------------- 80,920 80,920
To stock To Debtors To Plant and Machinery To Bank Sundry Creditors 16,000 Bills payable 3,000 Mortgage Loan 15,000 TO Bank (Outstanding repairs) TO Bank (Expenses) 10,000 25,000 40,000 34,400 400 620 By Provision for bad debts By Sundry Creditors By Bills Payable By Mortgage Loan By Bank- Assets Realized : Stock 6,700 Debtors 12,500 Plant and Machinery 36,000 By Bank-Unrecorded Assets Realised By------------------------ 5,000 16,600 3,400 15,000 55,200 6,220 --------- 1,10,420 1,10,420 Dr. Capital Account Cr. Particulars Bora Rs. Singh Rs. Ibrahim Rs. Particulars Bora Rs. Singh Rs. Ibrahi Rs. By balance b/d By general reserve 22,000 2,500 18,000 1,500 10,000 500 24,500 19,500 10,500 24,500 19,500 10,500 Dr. Bank account Cr. Particulars Rs. Particulars Rs. To Balance b/d To Realisation (Assets realized) ------------------------------ 19,500 55,200 ------------- By Realisation (liabilities) By Realisation (Unrecorded Liabilities By------------------------- By-------------------------- 34,000 400 ------------- ------------- 80,920 80,920
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