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Unit3 q7

The document presents financial accounts related to the realization of assets and liabilities, detailing transactions for partners Alok, Anurag, and Ashish. It includes a Realisation Account, Partner's Current Account, Partner's Capital Account, and a Cash-bank Account, showing amounts owed and received by each partner. The total amounts in each account balance out to 121,760 and 58,616 respectively.

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6 views1 page

Unit3 q7

The document presents financial accounts related to the realization of assets and liabilities, detailing transactions for partners Alok, Anurag, and Ashish. It includes a Realisation Account, Partner's Current Account, Partner's Capital Account, and a Cash-bank Account, showing amounts owed and received by each partner. The total amounts in each account balance out to 121,760 and 58,616 respectively.

Uploaded by

gamataru0007
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Q.

Realisation A/c
Particulars Amount Particulars Amount
To building 16,000 By bank overdraft 16,000
To machinery 28,800 By creditors 36,000
To stock 19,200 By cash (assets) 49,600
(11,200+21,600+12,000+4,800)
To debtors 4,800
To Alok’s current A/c 16,000 By current A/c
To cash (realisation 960 Alok: 6,720
exp)
To cash 36,000 Anurag: 10,080
Ashish: 3,360 20160
1,21,760 1,21,760

Partner’s Current A/c


Particulars Alok Anurag Ashish Particulars Alok Anura Ashish
g
To balance - 8,800 10,400 By balance 6,400 - -
b/d b/d
To realisation 6,720 10,080 3,360 By realisation 16,000 - -
By cash 6,720 - -
To capital A/c 22,400 - - By capital A/c - 18,880 13,760
29,120 18,880 13,760 29,120 18,880 13,760

Partner’s Capital A/c


Particulars Alok Anura Ashish Particulars Alok Anurag Ashish
g
To current A/c - 18,880 13,760 By balance b/d 9,600 12,000 8,000
To Anurag’s Capital 5,160 - - By current A/c 22,40 - -
0
To Ashish’s Capital 5,184 - - By cash A/c - 1,720 576
By Alok’s Capital - 5,160 5,184
To cash A/c 21,656 - -
32,000 18,880 13,760 32,00 18,880 13,760
0

Cash-bank Account
Particulars Amount Particulars Amount
To realisation 49,600 By realisation 960
To Alok’s current 6,720 By realisation 36,000
A/c
To Anurag’s Capital 1,720 By Alok’s Capital 21,656
To Ashish’s Capital 576
58,616 58,616

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