Page 234 - VIRANSH COACHING CLASSES

Solution 6
In the books of Nerle and Patil
Dr. Realisation Account Cr.

Particulars Amount Amount Particulars Amount Amount
(`) (`) (`) (`)
To Sundry Assets A/c By Sundry Liabilities A/c
Building 60,000 Creditors 32,000
Machinery 50,000
Stock 30,000 By Nerle’s Capital A/c :

Sundry Debtors 44,000 1,84,000 Machinery 22,500
Stock 6,000 28,500
To Patil’s Capital A/c : By Patil’s Capital A/c :
Creditors 30,400 Building 70,000
To Partner’s Capital A/c Debtors 16,000 86,000
(Profit on Realisation
transferred.)

Nerle 488 By Bank A/c :
Patil 162 650 Machinery 21,000
Stock 24,750
Debtors 22,800 68,550

2,15,050 2,15,050
Dr. Partner’s Capital Account Cr.

Particulars Nerle Patil Particulars Nerle Patil
(`) (`) (`) (`)
To Realisation A/c 28,500 86,000 By Balance b/d 1,14,000 50,000
By Profit and Loss A/c 6,000 2,000
To Bank A/c 91,988 By Realisation A/c 30,400
By Realisation A/c (Profit 488 162
on realisation)
By Bank A/c 3,438

1,20,488 86,000 1,20,488 86,000

Dr. Bank Account Cr.
Particulars Amount ` Particulars Amount `
To Balance b/d 20,000 By Nerle’s Capital A/c 91,988
To Realisation A/c 68,550
To Patil’s Capital A/c 3,438
91,988 91,988

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