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प्रश्न
Ramu, Laxman and Bharat started business on 1st April, 2025 with capitals of ₹ 1,00,000, ₹ 80,000 and ₹ 60,000 respectively sharing profits and losses in the ratio of 4 : 3 : 3. For the year ending 31st March, 2026, the firm incurred loss of ₹ 50,000. Each of the partners withdrew ₹ 10,000 during the year.
On hand 1st was April, 2026, the firm was dissolved. Sundry Creditors of the firm were ₹ 24,000 on that date and cash in 4,000. Assets realised ₹ 3,00,000 and creditors were paid ₹ 23,500 in settlement of their claims.
Prepare Realisation Account and show your working clearly.
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उत्तर
| Memorandum Balance Sheet as on 1st April, 2026 | |||
| Liabilities | Amount (₹) | Assets | Amount (₹) |
| Capital Accounts: | Cash in Hand | 4,000 | |
| Ramu | 70,000 | Sundry Assets (Balancing Figure) | 1,80,000 |
| Laxman | 55,000 | ||
| Bharat | 35,000 | ||
| Sundry Creditors | 24,000 | ||
| 1,84,000 | 1,84,000 | ||
| Dr. | Realisation Account | Cr. | ||
| Particulars | Amount (₹) | Amount (₹) | Particulars | Amount (₹) |
| To Sundry Assets A/c (Transfer) | 1,80,000 | By Sundry Creditors A/c (Transfer) | 24,000 | |
| To Cash A/c (Creditors paid) | 23,500 | By Cash A/c (Assets Realised) | 3,00,000 | |
| To Gain (Profit) on Realisation transferred to: | 1,20,500 | |||
| Ramu’s Capital A/c (4/10) | 48,200 | |||
| Laxman’s Capital A/c (3/10) | 36,150 | |||
| Bharat’s Capital A/c (3/10) | 36,150 | |||
| 3,24,000 | 3,24,000 | |||
Working Notes:
Profit-Sharing Ratio: 4 : 3 : 3
Share of Loss:
Ramu = `50,000 xx 4/10`
= ₹ 20,000
Laxman = `50,000 xx 3/10`
= ₹ 15,000
Bharat = `50,000 xx 3/10`
= ₹ 15,000
Closing Capital:
Closing Capital = Opening Capital − Share of Loss − Drawings
Ramu’s Capital = 1,00,000 − 20,000 − 10,000
= ₹ 70,000
Laxman’s Capital = 80,000 − 15,000 − 10,000
= ₹ 55,000
Bharat’s Capital = 60,000 − 15,000 − 10,000
= ₹ 35,000
