Q 54 plz give answer today plz plzplzzzzz fast

Q 54 plz give answer today plz plzplzzzzz fast Profit 0.500.] Q. 54..4 and B dissolve their partnership. Their position as at 31st March, 2014 was as follous : -4's Capital B's Capital Sundry Creditors Cash at Bank 40 J") 25,000 2,000 The balance Of A's Loan Account to the fim stood at ? 20,000. The realisation expenses amounted to ?800. Stock realised ?40.000 and Debtors 00.000. B took a machine at the agreed valuation of Other fixed assets realised Prepare necessary accounts. [Ans. Book value of Assets (other than Cash) Profit on Realisation A is paid ?63, 100 (in addition to his loan) and B 03,100; Total of Bank

Dear Student,

Memorandum balance Sheet
Liabilities Amount(in Rs) Assets Amount(in Rs)
Creditors 25,000 Cash 2,000
A's Loan A/c 20,000 Assets other than cash (balancing figure) 143,000
Capital A/cs      
A's Capital A/c 60,000    
B's Capital A/c 40,000    
       
       
  145,000   145,000

Realisation A/c
Date Particulars Amount(in Rs) Date Particulars Amount(in Rs)
Mar 31, 2014 Assets 143,000 Mar 31, 2014 Creditors 25,000
  Cash A/c      Cash A/c (Assets Realised)  
  -- Creditors 25,000   -- Stock 40,000
  -- Realisation Exps 800   -- Debtors 30,000
  Profit on realisation A/c (1:1)     -- Other Fixed assets 60,000
  A's Capital A/c 3,100   B's Capital A/c 20,000
  B's Capital A/c 3,100      
    175,000     175,000

Partner's Capital A/c
Date Particulars A's Capital A/c B's Capital A/c Date Particulars A's Capital A/c B's Capital A/c
Mar 31, 2014 Realisation A/c   20,000 Mar 31, 2014 Balance b/d 60,000 40,000
  Cash A/c 63,100 23,100   Realisation A/c 3,100 3,100
    63,100 43,100     63,100 43,100
 
Date Particulars Amount(in Rs) Date Particulars Amount(in Rs)
Mar 31, 2014 Balance b/d 2,000 Mar 31, 2014 Realisation A/c  
  Realisation A/c (Assets Realised)     -- Creditors 25,000
  -- Stock 40,000   -- Realisation Exps 800
  -- Debtors 30,000   Partners' Capital A/c
  -- Other Fixed assets 60,000   A's Capital A/c 63,100
        B's Capital A/c 23,100
        A's Loan A/c 20000
    132,000     132,000

Regards,

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