Pls solve this sum? Its urgent i already asked but no one reply pls tell me the answer
Dear student,
REALISATION A/C
Partner's capital a/c
Bank a/c
Working
journal
Regards
REALISATION A/C
particulars | Rs | particulars | Rs |
to buildings a/c | 320000 | by loan from mrs arpit | 5000 |
to machinery a/c | 100000 | by creditors a/c | 60000 |
to furniture a/c | 25000 | by employees providend fund a/c | 5000 |
to patents a/c | 35000 | by bijoy's capital a/c (stock) | 55000 |
to stock a/c | 60000 | by pankaj's capital a/c (buildings) | 400000 |
to debtors a/c | 50000 | by bank (debtors) | 48000 |
to bank (realisation exps) | 10000 | by bank (furniture) | 17000 |
to bank a/c (creditors) | 55000 | by bank (machinery) | 80000 |
to bank a/c (loan from mrs arpit) |
5000 | ||
to bank a/c (employees providend fund) |
5000 | ||
to profit t/f tp capital a/c arpit 2500 bijoy 1500 pankaj 1000 |
5000 | ||
670000 | 670000 |
Partner's capital a/c
particulars | arpit Rs |
bijoy Rs |
pankaj Rs |
particulars | arpit Rs |
bijoy Rs |
pankaj Rs |
to pankaj's current | 12000 | by balance b/d | 200000 | 150000 | 150000 | ||
to bank a/c (realisation) | 2000 | by current a/c | 25000 | 17000 | |||
to realisation a/c (stock) | 55000 | by realisation (profit) | 2500 | 1500 | 1000 | ||
to realisation a/c (building) | 400000 | by workmen compensation reserve a/c | 5000 | 3000 | 2000 | ||
to bank (bal fig) | 255500 | 131500 | by profit and loss a/c | 25000 | 15000 | 10000 | |
by bank a/c (bal fig) | 249000 | ||||||
257500 | 186500 | 412000 | 257500 | 186500 | 412000 |
Bank a/c
particulars | Rs | particulars | Rs |
to balance b/d | 70000 | by realisation (realisation exps) | 10000 |
to realisation (debtors) | 48000 | by realisation (creditors) | 55000 |
to realisation (furniture) | 17000 | by realisation (loan from mrs arpit) | 5000 |
to realisation (machinery) | 80000 | by realisation (employees providend fund) | 5000 |
to pankaj's capital a/c | 249000 | by arpit's capital a/c (realisation exps) | 2000 |
by arpit's capital a/c | 255500 | ||
by bijoy's capital a/c | 131500 | ||
464000 | 464000 |
Working
journal
date | particulars | l.f | debit Rs |
credit Rs |
|
realisation a/c | dr | 10000 | |||
arpit's capital a/c | dr | 2000 | |||
to bank a/c | 12000 | ||||
(realisation expenses paid by firm , borne by arpit and he get 10000 from firm) |
Regards