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प्रश्न
Vinay, Premal and Monil were in partnership sharing profits and losses in the ratio 2 : 2 : 1. They decided to dissolve their partnership firm on 31st March, 2023 and their Balance Sheet on that date stood as:
| Balance Sheet as on 31st March, 2023 | |||||
| Liabilities | Amount (₹) | Amount (₹) | Assets | Amount (₹) | Amount (₹) |
| Capital : | Plant | 2,40,000 | |||
| Vinay | 1,80,000 | 3,60,000 | Debtors | 90,000 | |
| Premal | 1,20,000 | Stock | 1,50,000 | ||
| Monil | 60,000 | ||||
| Loan | 24,000 | ||||
| Sundry Creditors | 18,000 | ||||
| Bank Overdraft | 78,000 | ||||
| 4,80,000 | 4,80,000 | ||||
It was agreed that:
(1) Vinay to discharge Loan and to take Debtors at book value.
(2) Plant realised ₹ 2, 70,000.
(3) Stock realised ₹1,44,000.
( 4) Creditors were paid off at a discount of ₹ 90.
Show Realisation Account, Partner's Capital Accounts and Bank Account.
खाता बही
उत्तर
| Dr. | In the books of Vinay, Premal and Monil Realisation Account |
Cr. | |||
| Particulars | Amount (₹) | Amount (₹) | Particulars | Amount (₹) | Amount (₹) |
| To Sundry Assets A/c | By Sundry Liabilities A/c | ||||
| Plant | 2,40,000 | 4,80,000 | Loan | 24,000 | 42,000 |
| Debtors | 90,000 | Sundry Creditors | 18,000 | ||
| Stock | 1,50,000 | By Bank A/c | |||
| To Bank A/c | Plant | 2,70,000 | 4,14,000 | ||
| Sundry Creditors | 17,910 | Stock | 1,44,000 | ||
| To Vinay’s Capital A/c – Loan | 24,000 | By Vinay’s Capital A/c | |||
| To Partner's Capital A/cs (Profit on Realisation transferred) | Debtors | 90,000 | |||
| Vinay | 9,636 | 24,090 | |||
| Premal | 9,636 | ||||
| Monil | 4,818 | ||||
| 5,46,000 | 5,46,000 | ||||
| Dr. | Partner's Capital Accounts | Cr. | |||||
| Particulars | Vinay (₹) | Premal (₹) | Monil (₹) | Particulars | Vinay (₹) | Premal (₹) | Monil (₹) |
| To Realisation A/c (Debtors) | 90,00 | - | - | By Balance b/d | 1,80,000 | 1,20,000 | 60,000 |
| To Bank A/c | 1,23,636 | 1,29,636 | 64,818 | By Realisation A/c (Loan) | 24,000 | - | - |
| By Realisation A/c | 9,636 | 9,636 | 4,818 | ||||
| 2,13,636 | 1,29,636 | 64,818 | 2,13,636 | 1,29,636 | 64,818 | ||
| Dr. | Bank Account | Cr. | |
| Particulars | Amount (₹) | Particulars | Amount (₹) |
| To Realisation A/c (Assets) | 4,14,000 | By Balance b/d (overdraft) | 78,000 |
| By Realisation A/c (Creditors) | 17,910 | ||
| By Vinay’s Capital A/c | 1,23,636 | ||
| By Premal’s Capital A/c | 1,29,636 | ||
| By Monil’s Capital A/c | 64,818 | ||
| 4,14,000 | 4,14,000 | ||
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