Dear Student JOURNAL Sr No Particulars L F Debit Credit Realisation A/c Dr 1900000 To Land & Building A/c 800000 To Machinery A/c 300000 To Investments A/c 400000 To Debtors A/c 400000 (Being Assets transferred to Realisation A/c) Investment Fluctuation Reserve A/c Dr 100000 Sundry Creditors A/c Dr 600000 To Realisation A/c 700000 (Being liabilities transferred to Realisation A/c) i) Cash A/c Dr 1200000 ii) Vikramaditya A/c Dr 320000 To Realisation A/c 1520000 (Being land and building realised and investments taken over by partner) (iii) No Entry (iv) No Entry (v) No Entry Realisation A/c Particulars Amount Particulars Amount To Land & Building 800000 By Creditor 600000 To Machinery 300000 By Investment Fluctuation Fund 100000 To Investments 400000 By Cash - Land & Building 1200000 To Debtors 400000 By Vikramaditya - Investment 320000 To Capitals Kashish 64000 Vikramaditya 256000 2220000 2220000 Partner's Capital A/c Particulars Amount Particulars Amount Kashish Vikramaditya Kashish Vikramaditya To Realisation 320000 By balance b/d 200000 800000 To Cash 264000 1056000 By Cash 320000 64000 256000 264000 1376000 264000 1376000 Bank A/c Particulars Amount Particulars Amount To balance b/d 100000 By Vikramaditya's Loan 300000 To Realisation 1200000 By Kashish 264000 To Vikramaditha 320000 By Vikramaditya 1056000 1620000 1620000 Regards

Ch 5 dissolution

Dear Student

	JOURNAL
Sr No.	Particulars		L.F.	Debit	Credit
	Realisation A/c	Dr.		1900000
	To Land & Building A/c				800000
	To Machinery A/c				300000
	To Investments A/c				400000
	To Debtors A/c				400000
	(Being Assets transferred to Realisation A/c)
	Investment Fluctuation Reserve A/c	Dr.		100000
	Sundry Creditors A/c	Dr.		600000
	To Realisation A/c				700000
	(Being liabilities transferred to Realisation A/c)
i)	Cash A/c	Dr.		1200000
ii)	Vikramaditya A/c	Dr.		320000
	To Realisation A/c				1520000
	(Being land and building realised and investments taken over by partner)
(iii)	No Entry
	No Entry
(iv)	No Entry
	No Entry
(v)	No Entry
	No Entry

Realisation A/c
Particulars	Amount	Particulars	Amount
To Land & Building	800000	By Creditor	600000
To Machinery	300000	By Investment Fluctuation Fund	100000
To Investments	400000	By Cash - Land & Building	1200000
To Debtors	400000	By Vikramaditya - Investment	320000
To Capitals
Kashish	64000
Vikramaditya	256000

	2220000		2220000

Partner's Capital A/c
Particulars	Amount		Particulars	Amount
Particulars	Kashish	Vikramaditya	Particulars	Kashish	Vikramaditya
To Realisation		320000	By balance b/d	200000	800000
To Cash	264000	1056000	By Cash		320000
				64000	256000
	264000	1376000		264000	1376000

Bank A/c
Particulars	Amount	Particulars	Amount
To balance b/d	100000	By Vikramaditya's Loan	300000
To Realisation	1200000	By Kashish	264000
To Vikramaditha	320000	By Vikramaditya	1056000


	1620000		1620000

Regards

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