Question

Reproduce the format of Realisation Account.

Answer 1

                       Format of Realisation Account
Dr.                                                                                             Cr.

Particulars	Amount (Rs.)	Particulars	Amount (Rs.)
Various Assets (Excluding Cash/Bank, fictitious assets, Debit balance of P and L A/c, partner Capital A/c, Current A/c, Loan to Partner)	-	Various Liabilities (Excluding Partner Capital account, reserves, P and L A/c, Current A/c, Loan to Partner)	-
Cash/Bank (Payment for realisation expenses)	-	Provision on assets (like, Provision for doubtful debts; Provision for depreciation)	-
Cash/Bank (Payment to outside and unrecorded liabilities)	-	Cash/Bank (Amount received from realisation of assets and unrecorded assets)	-
Partner's Capital A/c (If any liability taken on expenses paid by him or remuneration payable to him )	-	Partner 's Capital A/c (If any asset taken over by any partner)	-
Partner Capital A/c (Profit on realisation distributed in the profit sharing ratio among all the partners)	-	Partner Capital A/c (Loss on realisation borne by all the partners in their profit sharing ratio)	-
	-		-