How to solve 18 sum?
Dear student,
Realisation A/c
Regards!!
Realisation A/c
particulars | Rs | particulars | Rs |
to debtors a/c | 17000 | by creditors a/c | 8000 |
to stock a/c | 15000 | by bank overdraft a/c | 6000 |
to investment a/c | 25000 | by X's brother loan | 8000 |
to buildings a/c | 25000 | by investment fluction fund a/c | 5000 |
to goodwill a/c | 10000 | by provision for doubtful debts a/c | 2000 |
to X's capital a/c (brother's loan) | 8000 | by bank (debtors 17000-5000) | 12000 |
to bank (creditors paid 8000-2000) | 6000 | by bank (investment realized 25000-5000) | 20000 |
to bank (auctioned commission) | 1000 | by bank (goodwill realized) | 6000 |
to bank (realisation expenses) | 2000 | by bank (building) | 30000 |
to bank (bank overdraft) | 6000 | by Y's capital a/c (stock) (value of stock=4000*100/80=5000) | 4000 |
by bank (remaining stock at 50%) (remaining stock=15000-5000=10000) | 5000 | ||
to loss t/f to capital a/c X 7200 Y 1800 | 9000 | ||
115000 | 115000 |
Regards!!