Ques 12 urgently

Dear student
REALISATION ACCOUNT
DR                                                                                                                 CR
PARTICULAR AMOUNT PARTICULAR AMOUNT
To sundry assets:
land and building      70,000
machinery                60,000
debtors                     80,000  



2,10,000
By creditors 70,000
To bank A/C (creditors) 20,000 By bank A/C (Machinery) 42,000
To bank A/C (collection charges) 500 By bank A/C (Debtors) 80,000
To bank A/C (realisation expenses) 1,700 By capital A/C
Verma       30,150
sharma     10,050  


40,200
       
  2,32,200   2,32,200

PARTNER CAPITAL ACCOUNT
DR                                                                                                                       CR
PARTICULAR VERMA SHARMA PARTICULAR VERMA SHARMA
To realisation A/C (Loss) 30,150 10,050 By balance B/D 1,20,000 80,000
To bank A/C 89,850 69,950      
           
  1,20,000 80,000   1,20,000 80,000

BANK ACCOUNT
DR                                                                                                                                  CR
PARTICULR AMOUNT PARTICULAR AMOUNT
To balance B/D 60,000 By realisation A/C (creditors) 20,000
To realisation A/C (machinery) 42,000 By realisation A/C ( realisation expenses) 1,700
To realisation A/C (debtors) 80,000 By realisation A/C (collection charges) 500
    By verma 89,850
    By sharma 69,950
       
  1,82,000   1,82,000

Regards

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