(machinery) Realisation (B.O.) 50000 Realisation (stock & 48000 32000 Profit on realisation 3600 2500 investment) Bank 5600 Bank 56000 199600 112000 199600 112000 ANS(16): Realisation Account Particulars Rs Particulars Rs Plant 90000 Creditors 80000 Debtors 60000 Bills payable 30000 Furniture 32000 Bank : Stock 60000 Plant 72000 Investment 70000 Debtors 54000 Bills receivable 36000 Furniture 18000 Sanjay capital 18300 Stock 54000 Cash creditors 80000 Investment 76000 Cash (B/P) 30000 B/R 31000 305000 Loss of Realisation Sanjay Tarun Vineet 61300 476300 476300 Capital account Particulars Sanjay Tarun Vineet Particulars Sanjay Tarun Vineet Loss on 30650 20434 10216 Balance b/d 100000 100000 70000 realisation Realisation 18300 Bank 87650 79566 59784 (expenses) 118300 100000 70000 118300 100000 70000 Cash account Particulars Rs Particulars Rs Balance b/d 32000 Realisation (Creditors) 80000 Sanjay Capital 87650 Realisation (S. Assets) 305000 Tarun Capital 79566 Vineet Capital 59784 227000 337000 337000 ANS(17): Realisation account Particulars Rs Particulars Rs Sundry Debtors 55000 Sundry Creditors 62000 Stock 75000 Bills Payable 32000 Motor Cars 90000 Bills Loan 50000 Machinery 45000 Tanu Capital (Debtors) 55000 Investment 70000 Bank 10000 Ixtures 9000 Manu Capital (machinery) 40000 Tanu Capital 50000 Tanu Capital (Motor Cars) 60000 Manu capital 30400 Bank : Bank (Expenses) 2200 Investment 76000 Fixtures 4000 80000 Loss on Realisation : Tanu 23500 Manu 14000 37600 426600 426600 Capital Account Partner’s
(machinery) Realisation (stock & investment) Bank 48000 56000 32000 Realisation (B.O.) Profit on realisation Bank 3600 50000 2500 5600 199600 112000 199600 112000 ANS(16): Realisation Account Particulars Rs Particulars Rs Plant Debtors Furniture Stock Investment Bills receivable Sanjay capital Cash creditors Cash (B/P) 90000 60000 32000 60000 70000 36000 18300 80000 30000 Creditors Bills payable Bank : Plant 72000 Debtors 54000 Furniture 18000 Stock 54000 Investment 76000 B/R 31000 Loss of Realisation Sanjay Tarun Vineet 80000 30000 305000 61300 476300 476300 Capital account Particulars Sanjay Tarun Vineet Particulars Sanjay Tarun Vineet Loss on realisation Bank 30650 87650 20434 79566 10216 59784 Balance b/d Realisation (expenses) 100000 18300 100000 70000 118300 100000 70000 118300 100000 70000 Cash account Particulars Rs Particulars Rs Balance b/d Realisation (S. Assets) 32000 305000 Realisation (Creditors) Sanjay Capital 87650 Tarun Capital 79566 Vineet Capital 59784 80000 227000 337000 337000 ANS(17): Realisation account Particulars Rs Particulars Rs Sundry Debtors Stock Motor Cars Machinery Investment Ixtures Tanu Capital Manu capital Bank (Expenses) 55000 75000 90000 45000 70000 9000 50000 30400 2200 Sundry Creditors Bills Payable Bills Loan Tanu Capital (Debtors) Bank Manu Capital (machinery) Tanu Capital (Motor Cars) Bank : Investment 76000 Fixtures 4000 Loss on Realisation : Tanu 23500 Manu 14000 62000 32000 50000 55000 10000 40000 60000 80000 37600 426600 426600 Partner’s Capital Account
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