Page 224 - VIRANSH COACHING CLASSES

Solution In the books of Riddhi and Siddhi
Dr. Realisation Account Cr.
Particulars Amount Amount Particulars Amount Amount
` ` ` `
To Sundry Assets A/c By Sundry Liabilities A/c
Building 60,000 Creditors 30,000
Furniture 24,000 By R. D. D. 1,600
Machinery 20,000 By Bank A/c.
Debtors 17,600 Building 28,000
Stock 40,000 Debtors 15,000
Investment 8,000 Stock 38,000
Interest Receivable 2,000 1,71,600 Machinery 22,000 1,03,000
To Bank A/c By Riddhi’s Capital A/c.
Creditors 30,000 Investment 10,000
Realisation Exp. 4,000 34,000 Furniture 24,000 34,000
By Siddhi’s Loan A/c 1,000
By Partner’s Capital A/c.
(Loss on Realisation trans-
ferred.)
Riddhi 24,000
Siddhi 12,000 36,000

2,05,600 2,05,600

Dr. Partners’ Capital Account Cr.
Particulars Riddhi Siddhi Particulars Riddhi Siddhi
` ` ` `
To Realisation A/c 34,000 By Balance b/d 80,000 60,000
To Realisation A/c By Reserve Fund A/c 10,667 5,333
(Loss on Realisation) 24,000 12,000
To Bank A/c 32,667 53,333

90,667 65,333 90,667 65,333
Dr. Bank Account Cr.
Particulars Amount ` Particulars Amount `
To Balance b/d 20,000 By Realisation A/c 34,000
To Realisation A/c 1,03,000 By Siddhi’s Loan A/c 3,000
By Riddhi’s Capital A/c 32,667
By Siddhi’s Capital A/c 53,333
1,23,000 1,23,000

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