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Question 13 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 13 Chapter 7 of +2- Part
Q-13. - CH-7 - Usha +2 Book 2018 - Solution

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Question 13 Chapter 7 of +2-Part-1

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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

We are providing a solution of Question 13 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 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:-

The solution of Question 13 Chapter 7 of +2 Part-1: –

Revaluation A/c
Particulars
AmountParticularsAmount
To Sundry Assets 3,48,460By creditors 46,300
To Cash A/c  By Cash A/c – Sundry Assets 2,89,820
Expenses 3,720By loss on revaluation   
Creditors 46,300Maninder’s capital A/c24,944 
   Jatinder’s capital A/c18,708 
   Rupinder’s capital A/c18,70862,354
  3,98,400  3,98,400

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Comment if you have any questions.

Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

+2 Book 1-min
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firm

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