Question 16 Chapter 7 of +2 Part-1 - USHA Publication 12 Class Part - 1

We are providing a solution of Question 16 Chapter 7 of +2 Part-1 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 15 to 16 Chapter no. 7 class 12 of Usha publication. To check the direct solution of question no. 16 from the flowing video by using time stamps of the video.

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

The solution of Question 16 Chapter 7 of +2 Part-1: -

Realisation A/c

Particulars		Amount	Particulars		Amount
To investments A/c		2,080	By creditors		528
To Debtors		2,960	By Bank Loan A/c		1,000
To Stock A/c		1,875	By cash A/c – Sale of assets		6,900
To Furniture A/c		2,750	By Sudarshan’s capital		2,200
To Sudarshan’s capital
Bank loan		1,000
To cash A/c
Creditors		503
Expenses		110
			By loss on realisation :
			Thapa	390
			Sudarshan	260	650
		11,278			11,278

Partners’ Capital Account

Particulars	Thapa	Sudarshan	Particulars	Thapa	Sudarshan
To realisation A/c		2,200	By Balance b/d	6,000	2,000
To realisation A/c	390	260	By Reserve	300	200
			By Realisation A/c		1,000
To Cash A/c	5,910	740
	6,300	3,200		6,300	3,200

Cash A/c

Particulars		Amount	Particulars		Amount
To balance b/d		363	By Realisation A/c
To Realisation A/c		6,900	Creditors		503
			Expenses		110
			By Thapa’s capital A/c		5,910
			By Sudarshan’s capital A/c		740
		7,263			7,263

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