Page 226 - VIRANSH COACHING CLASSES

Solution : In the books of Mahesh, Suresh and Yogesh
Dr. Realisation Account Cr.
Particulars Amount Amount Particulars Amount Amount
(`) (`) (`) (`)
To Sundry Assets A/c By Sundry Liabilities A/c
Sundry Assets 34,000 Creditors 12,000
Furniture 2,000 Loans 3,000 15,000
Debtors 48,400
Stock 15,600 1,00,000 By R. D. D. 2,400
To Mahesh’s Capital A/c By Mahesh’s Capital A/c
(Creditors) 12,000 Furniture 1,600
Debtors 34,400 36,000

To Yogesh’s Capital A/c By Suresh’s Capital A/c
Loan 3,000 Stock 14,000
Interest on loan 60 3,060 Sundry Assets 14,400 28,400
By Yogesh’s Capital A/c
To Cash A/c 540 (Sundry Assets) 16,000
(Dissolution Expenses) By Cash A/c 4,200
(Debtors)
By Partners’Capital A/c
(Loan on Realisation
Transferred.)
Mahesh 4,533
Suresh 4,533
Yogesh 4,534 13,600

1,15,600 1,15,600

Dr. Partners’ Capital Account Cr.

Particulars Mahesh Suresh Yogesh Particulars Mahesh Suresh Yogesh
(`) (`) (`) (`) (`) (`)
To Realisation A/c 36,000 28,400 16,000 By Balance b/d 55,000 20,000 14,000
To Realisation A/c 4,533 4,533 4,534 By Realisation A/c 12,000 3,060
(Loss) By Cash A/c 12,933 3,474
To Cash A/c 26,467

67,000 32,933 20,534 67,000 32,933 20,534

217