Question 16 Chapter 7 - Unimax Class 12 Part 1 - 2021

Prepare Realisation a/c, Bank a/c, Partners capital a/c.

The solution of Question 16 Chapter 7 - Unimax Class 12 Part 1: -

Realisation a/c

Particulars		Amount	Particulars		Amount
To building		40,000	By provision for d.d.		2,000
To plant and machinery		40,000	By notes payable		40,000
To stock		19,000	By loan from bank		30,000
To S. Debtors		42,000	By cash a/c---
To cash a/c			Stock		23,400
Notes payable		32,000	Debtors		21,000
Payment of outstanding bill		800	Building		36,000
Realisation expenses		1,250	Plant and machinery		36,000
Loan from bank		30,000	By loss on real. Trans. to capital a/cs
			P	9,250
			Q	5,550
			R	1,850	16,650
		2,05,050			2,05,050

Partner’s capital a/c

Particulars	p	Q	R	Particulars	p	Q	R
To real. a/c (loss)	9,250	5,550	1,850	By balance b/d	44,000	36,000	20,000
To cash a/c (B.F.)	39,750	33,450	19,150	By res. Fund	5,000	3,000	1,000
	49,000	39,000	21,000		49,000	39,000	21,000

Cash a/c

Particulars	Amount	Particulars	Amount
To balance b/d	40,000	By realisation a/c---
To realisation a/c—		Notes payable	32,000
Stock	23,400	Payment of outstandings	800
Debtors	21,000	Realisation expenses	1,250
Building	36,000	Loan from bank	30,000
Plant and machinery	36,000	Capital
		P	39,750
		Q	33,450
		R	19,150
	1,56,400		1,56,400

For more Explanation please check out the following link: –

Read out the full article

Dissolution of a Partnership Firm – its Methods

Also, Check out the same article in Hindi from the following link

Dissolution of a Partnership Firm – its Methods - in Hindi

Accountancy - Unimax Class 12 Part 1 – 2021 – Solution.

• Chapter No. 1 – Accounts of Non-Profit Organisations
• Chapter No. 2 – Partnership Accounts – I (Basic Concepts)
• Chapter No. 3 – Partnership Accounts – II (Goodwill)
• Chapter No. 4 – Partnership Accounts – III (Change in Profit Sharing Ratio among Existing Partners)
• Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
• Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
• Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

Accountancy - Unimax Class 12 Part 2 – 2021 – Solution.

• Chapter No. 1 - Share Capital 
• Chapter No. 2 - Debentures 
• Chapter No. 3 - Financial Statements of A Company (Balance Sheet Only)
• Chapter No. 4 -  Analysis of Financial Statements 
• Chapter No. 5 - Ratio Analysis
• Chapter No. 6 -  Cash Flow Statement

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