15.
15. Bale and Yale are equal partners of a firm, the Balance Sheet of which is given below as on 31.3.2015, the date on Which they decide to dissolve the partnership. Sheet O" Capital A«ounts 45 An 50m 1,15mo (i) The realised were as follows : Mac hinery (ii) Yale took over the furniture at 9,000. Buildings Ma c hinery Stock 16,111) (iii) Bale agreed to accept 2,500 in settlement of his Ll,an Account. (iv) expenses amounted to 2.5m. (d) Realisation Account Of s Account Bank AccrRant.

Dear Student,
 
Realisation A/c
Date Particulars Amount (in Rs) Date Particulars Amount (in Rs)
31.03.2015 Buildings A/c 45,000.00 31.03.2015 Creditors 14,000.00
  Machinery A/c 15,000.00   Bank A/c  
  Furniture A/c 12,000.00   -- Buildings 35,000.00
  Debtors A/c 8,000.00   -- Machinery 16,000.00
  Stock A/c 24,000.00   -- Debtors 7,500.00
  Bank A/c (Creditors) 14,000.00   -- Stock 22,000.00
  Bank A/c 2,500.00   Yale's Capital A/c 9,000.00
        Bale's Loan A/c 500.00
        Realisation Loss  
        Bale's Capital A/c 8,250.00
        Yale's Capital A/c 8,250.00
           
    120,500.00     120,500.00
 
Capital A/c
Date Particulars Bale's Capital A/c Yale's Capital A/c Date Particulars Bale's Capital A/c Yale's Capital A/c
31.03.2015 Realisation A/c (Loss) 8,250.00 8,250.00 31.03.2015 Balance b/d 50,000.00 40,000.00
  Realisation A/c (furniture)   9,000.00   Reserve A/c 4,000.00 4,000.00
  Bank A/c 45,750.00 26,750.00        
               
    54,000.00 44,000.00     54,000.00 44,000.00


 
Bale's Loan A/c
Date Particulars Amount (in Rs) Date Particulars Amount (in Rs)
31.03.2015 Bank A/c 2,500.00 31.03.2015 Balance b/d 3,000.00
  Realisation A/c 500.00      
    3,000.00     3,000.00
 
Bank A/c
Date Particulars Amount (in Rs) Date Particulars Amount (in Rs)
31.03.2015 Balance b/d 11,000.00 31.03.2015 Realisation A/c (Creditors) 14,000.00
  Realisation A/c (Assets) 80,500.00   Realisation A/c (Dissolution Exps) 2,500.00
        Bale's Loan A/c 2,500.00
        Bale's Capital A/c 45,750.00
        Yale's Capital A/c 26,750.00
           
    91,500.00     91,500.00

Regards,

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