Question 13 Chapter 7 of Class 12 Part – 1 2024

Question 13 Chapter 7 of Class 12 Part – 1 2024

13. (Realisation Account) Maninder, Jatinder and Rupinder are partners in the firm sharing profits in the ratio of 4:3:3 respectively On 1-4-2017 they decided to dissolve the firm. On that date the sundry assets were Rs. 3,48,460, the creditors amounted to Rs. 46,300 and cash in hand was Rs. 77,840. The assets realized were Rs. 2,89,820 and the expenses of dissolution were Rs. 3,720. Prepare Realisation Account

The solution of Question 13 Chapter 7 of Class 12 Part – 1 2024: -

We are providing a solution of Question 13 Chapter 7 of Class 12 Part – 1 2024 in two formats. one is in Video format and another is in article format. Check out both formats as follows:

1. Check out the Solution of this question in Video Format:-

The video consists solution of question numbers from 11 to 14 Chapter no. 7 class 12 of Usha publication. To check the direct solution of question no. 13 from the flowing video by using time stamps of the video.

2. Check out the Solution of this question in Article Format:-

Realisation A/c

Particulars		Amount	Particulars		Amount
To Sundry Assets		3,48,460	By creditors		46,300
To Cash A/c			By Cash A/c - Sundry Assets		2,89,820
Expenses		3,720	By loss on revaluation
Creditors		46,300	Maninder’s capital A/c	24,944
			Jatinder’s capital A/c	18,708
			Rupinder’s capital A/c	18,708	62,360
		3,98,480			3,98,480