Page 246 - VIRANSH COACHING CLASSES

Solution : In the books of Rupali, Dipali and Mitali’s

Dr. Realisation Account Cr.
Particulars Amount Amount Particulars Amount Amount
(`) (`) (`) (`)
To Sundry Assets A/c By Bank A/c 1,80,000
Fixed Assets 2,18,000 (Fixed Assets Realised)
Goodwill 60,000 By Bank A/c

Stock 1,20,000 3,98,000 (Stock realised) 1,04,000
By Partners’ Capital A/c
(Loss on Realisation
transferred.)
To Bank A/c Rupali 48,000
Realisation Expenses 6,000
Dipali 48.000
Mitali 24,000 1,20,000

4,04,000 4,04,000

Dr. Partners’ Capital Account Cr.

Particulars Rupali Dipali Mitali Particulars Rupali Dipali Mitali
(`) (`) (`) (`) `) (`)
To Balance b/d 40,000 By Balance b/d 60,000 40,000
To Realisation /c 48,000 48,000 24,000 By Deficiency A/c 8,000 64,000
(Loss on Realisation)

To Deficiency A/c 12,000
60,000 48,000 64,000 60,000 48,000 64,000

Dr. Bank Account Cr.
Particulars Amount ` Particulars Amount `
To Balance b/d 2,000 By Realisation A/c 6,000
To Realisation A/c 1,80,000 By Bank Loan A/c 1,00,000
To Realisation A/c 1,04,000 By Creditors A/c 1,80,000

2,86,000 2,86,000

Dr. Creditors Account Cr.
Particulars Amount ` Particulars Amount `
To Bank A/c 1,80,000 By Balance b/d 2,40,000
To Deficiency A/c 60,000

2,40,000 2,40,000

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