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प्रश्न
Surjit and Rahi were sharing profits (losses) in the ratio of 3:2, their Balance Sheet as on March 31, 2017 is as follows:
Balance Sheet of Surjit and Rahi as on March 31, 2017
| Liabilities | Amt (Rs.) | Assets | Amt (Rs.) |
| Creditors | 38,000 | Bank | 11,500 |
| Mrs. Surjit loan | 10,000 | Stock | 6,000 |
| Reserve | 15,000 | Debtors | 19,000 |
| Rahi’s loan | 5,000 | Furniture | 4,000 |
| Capital’s: | Plant | 28,000 | |
| Surjit | 10,000 | Investment | 10,000 |
| Rahi | 8,000 | Profit and Loss | 7,500 |
| 86,000 | 86,000 |
The firm was dissolved on March 31, 2017 on the following terms:
1. Surjitagreed to take the investments at Rs 8,000 and to pay Mrs. Surjit’s loan.
2. Other assets wererealisedas follows:
| Stock | Rs. 5,000 |
| Debtors | Rs. 18,500 |
| Furniture | Rs. 4,500 |
| Plant | Rs. 25,000 |
3. Expenses onRealisationamounted to Rs 1,600.
4. Creditors agreed to accept Rs 37,000 as a final settlement.
You are required to prepare Realisation Account, Partners’ Capital Account and Bank Account.
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उत्तर
Books of Surjit and Rahi
Realisation Account
Dr. Cr.
| Particulars | Amt (Rs.) | Amt (Rs.) | Particulars | Amt (Rs.) | Amt (Rs.) |
| Stock | 6,000 | Creditors | 38,000 | ||
| Debtors | 19,000 | Mrs. Surjit's Loan | 10,000 | ||
| Furniture | 4,000 | Surjit’s Capital A/c (Investment) | 8,000 | ||
| Plant | 28,000 | Bank: | 53,000 | ||
| Investment | 10,000 | Stock | 5,000 | ||
| Surjit’s Capital A/c (Mrs. Surjit's Loan) |
10,000 | Debtors | 18,500 | ||
| Bank: | 38,600 | Furniture | 4,500 | ||
| Expenses | 1,600 | Plant | 25,000 | ||
| Creditors | 37,000 | Loss transferred to: | 6,600 | ||
|
Surjit’s Capital A/c |
3,960 | ||||
| Rahi’s Capital A/c | 2,640 | ||||
| 115,600 | 115,600 | ||||
Partners’ Capital Account
Dr. Cr.
| Particulars | Surjit | Rahi | Particulars | Surjit | Rahi |
| Realisation (Investment) |
8,000 | - | Balance b/d | 10,000 | 8,000 |
| Realisation (Loss) | 3,960 | 2,640 | Realisation (Mrs. Surjit Loan) |
10,000 | - |
| Profit and Loss | 4,500 | 3,000 | Reserve | 9,000 | 6,000 |
| Bank | 12,540 | 8,360 | |||
| 29,000 | 14,000 | 29,000 | 14,000 |
Rahi's Loan Account
Dr. Cr.
| Particulars |
Amount (Rs.) |
Particulars | Amount (Rs.) |
| Bank | 5,000 | Balance b/d | 5,000 |
| 5,000 | 5,000 |
Bank Account
Dr. Cr.
| Particulars | Amount (Rs.) | Particulars | Amount (Rs.) |
| Balance b/d | 11,500 |
Realisation (Creditors and Expenses) |
38,600 |
| Realisation A/c (Assets realised) | 53,000 | Rahi’s Loan | 5,000 |
| Surjit’s Capital A/c | 12,540 | ||
| Rahi’s Capital A/c | 8,360 | ||
| 64,500 | 64,500 |
