Realisation Account

A , B and C were in partnership sharing profits and losses in the ratio of 2 : 2 : 1 . They decided to dissolve the partnership . On that date of dissolution . Sundry Assets (including cash ₹ 5,000) amounted to ₹ 88,000 , assets realised ₹ 80,000 (including an unrecorded asset which realised ₹ 4,000) . A contingent liability on account of bills discounted ₹ 8,000 was paid by the firm. The Capital Accounts of A , B and C showed a balance of ₹ 20,000 each. Prepare Realisation Account , Partner's Capital Accounts and Cash Account .

Balance Sheet of a firm as at 31st March , 2019 , when it was decided to dissolve the same , was : ₹ 19,500 were realised from all assets except Cash at Bank . The cost of winding up came to ₹ 440 . X and Y sharing profits in the ratio of 2 : 1 respectively. Prepare Realisation Account and Capital Accounts of Partners.

(Dissolution of firm ). Ashish and Neha were partners in a firm sharing profits and losses in the ratio of 4 : 3 . They decided to dissolve the firm on 1st May , 2014 . From the information given below , complete Realisation Account , Partner's Capital Accounts and Bank Account :

Bora , Singh and Ibrahim were partners in a firm sharing profits in the ratio of 5 : 3 : 1 . On 2nd March , 2019 , their firm was dissolved . The assets were realised and the liabilities were paid off . Given below are the Realisation Account , Partner's Capital Accounts and Bank Account of the firm . The accountant of the firm left a few amounts unposted in these accounts . You are required to complete these accounts by posting the correct amounts .

(Goodwill Appears in Balance Sheet) . A , B and C are partners in a firm sharing profits in the ratio of 2 : 1 : 1 . Their Balance Sheet as at 31st March , 2019 was as follows : The firm was dissolved on that date . Assets realised : Goodwill ₹ 20 , 000 , Land and Building ₹ 1, 00 , 000 , Plant and Machinery ₹ 50,000 , Car ₹ 28,000 and Debtors 50% of the book value . Realisation Expenses were ₹ 2, 000 . Prepare Realisation Account , Capital Accounts of Partners and Cash Account to close the books of the firm .

Krishna and Arjun are partners in a firm . They share profits in the ratio of 4 : 1 . They decide to dissolve the firm on 31st March , 2019 at which date their Balance Sheet stood as : The realisation shows the following results : (a) Goodwill was sold for ₹ 1,000 . (b) Debtors were realised at book value less 10% . (c) Trademarks realised ₹ 800 . (d) Machinery and Stock-in-Trade were taken by Krishna for ₹ 14,400 and ₹ 3,600 respectively . (e) An unrecorded asset estimated at ₹ 500 was sold for ₹ 200 . (f) Creditors for goods were settled at a discount of ₹ 80 . The expenses on realisation were ₹800 . Prepare Realisation Account , Partner's Capital Accounts and Bank Account .