Question 21 Chapter 7 of +2 Part-1 - USHA Publication 12 Class Part - 1

We are providing a solution of Question 21 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 21 to 22 Chapter no. 7 class 12 of Usha publication. To check the direct solution of question no. 21 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 21 Chapter 7 of +2 Part-1: -

Realisation A/c

Particulars		Amount	Particulars		Amount
To Stock A/c		12,000	By provision for bad debts		2,000
To Debtors A/c		30,000	By creditors		21,000
To furniture A/c		13,000	By Bills payable		1,000
To machinery A/c		40,000	By A’s Capital A/c – Stock		9,600
To Cash A/c			By bank A/c
Creditors	1,500		Debtors	26,000
Expenses	19,000		Furniture	13,000
Bills payable	1,000	21,500	Machinery	40,000	79,000
To B’s Capital A/c - Expense		1,500
			By loss transferred to Capital A/cs:
			A	3,600
			B	1,800	5,400
		1,18,000			1,18,000

Partners’ Capital Account

Particulars	A	B	Particulars	A	B
To Realisation A/c			By Balance b/d	35,000	25,000
-stock	9,600	-	By current A/c	13,000
-loss	3,600	1,800	By Realisation A/c		1,500
			By general reserve	4,000	2,000
To Cash A/c	38,800	26,700
	52,000	28,500		52,000	28,500

Bank A/c

Particulars		Amount	Particulars		Amount
To balance b/d		8,000	By Realisation A/c
To Realisation A/c -Assets realised		79,000	Expenses		1,500
			Creditors & bills payable		20,000
			By A’s capital A/c		38,800
			By B’s capital A/c		26,700
		87,000			87,000

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