Page 238 - VIRANSH COACHING CLASSES

Dr. Partners’ Current Account Cr.
Particulars Vidya Sharmila Megha Particulars Vidya (`) Sharmila Megha
(`) (`) (`) (`) (`)
To Balance b/d 26,000 By Balance b/d 6,000 6,000
To Realisation A/c 17,800 10,680 7,120 By Partner’s
(Loss) Capital A/c 11,800 4,680 33,120

17,800 10,680 33,120 17,800 10,680 33,120

Dr. Partners’ Capital Account Cr.
Particulars Vidya Sharmila Megha Particulars Vidya Sharmila Megha (`)
(`) (`) (`) (`) (`)
To Partner’s 11,800 4,680 33,120 By Balance b/d 50,000 40,000 30,000
Current A/c By Bank A/c : 2,000
To Megha’s 700 420 By Vidya’s 700
Capital A/c Capital A/c
To Bank A /c 37,500 34,900 By Sharmila’s 420
Capital A/c

50,000 40,000 33,120 50,000 40,000 33,120

Dr. Bank Account Cr.
Particulars Amount ` Particulars Amount `

To Balance b/d 16,000 By Realisation A/c 42,000
To Realisation A/c 1,02,400 By Realisation A/c 6,000
To Megha’s Capital A/c 2,000 By Vidya’s Capital A/c 37,500
By Sharmila’s Capital A/c 34,900

1,20,400 1,20,400

Working Note :
Capital Deficiently of Megha -
Vidya ` 1,220 × 5/8 = ` 700
Sharmila `1,120 × 3/8 = ` 420

229