6th Point

6th Point to Balance b/d to Realisation A/c to Yogesh•s Capital A/c (Cash brought in) 80,000 487,000 31.000 By Realisation By Yogesh's Loan A/c By Vinit'sCapitaE AJc(Final Payment) 604,000 Q. 8. Arnab, Ragini and Dhrupad are partners sharingprofitsin the of3: 1 : 1, On31st March, 2015, they decided to dissolve their firm. On that date their Balance Sheet was as under: BALANCE SHEET OF ARNAB, RAGINI AND DHRUPAD March, 20B I Labilitieg Arnab's Brothers Loan Dhrupad'! Loan Jnvestment Fluctuation Fund iCapitals: Arnab Ragin i 60,000 95.000 50,000 5,000 950,000 Assets Bank Debtors Provision for Bad Debts Stock investments $uilding profit and Loss Account 20,000 50,000 1 so,000 275,000 200,000 The assets were realised and the liabilities were paid as under: (i) Arnab agreed to pay his brother's loan. (ii) Investments realised less. (iii) Creditors were paid at less. (iv) Building was Oucüoned for Commission on auction was 5,000. (v) Of the stock was taken cwerby Ragini at market price which was20% less than the book value and the remaining was sold at market price. (Vio Dissolution expenses were 3,000 wereto be borne by the firm and the balance by Dhrupad. The expenses were paid by him. Piepare Realisation Account, Bank Account and Partners' Capital Accounts. (AIQ016 C) Ans• Loss on Realisation: t Final Payment: Arnab—? Ragini—t Total of Bartk Account—t 0•9• A, B and C were partners sharing profits in the ratio df 3 I ; I. Their Balance Sheet asÄt 31st March, 2009, the date on which they their firm, was as follows: 10000 7.000 44soo 1,500 Sundry Assets Stock DebtO(S 24200 Less: Provision fpr Doubtful Debts I ,200 cash 7,000 7800 1,000 3,200 52,000