# Question 20 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Q-20. - CH-7 - Usha +2 Book 2018 - Solution

Question 20 Chapter 7 of +2-Part-1

20. (Realisation A/c/Partner’s Capital A/c/Cash A/c) Anju and Manju were trading an a firm sharing profits in the ratio of 9 :7 Firm’s. Balance sheet as on December 31, 2015 is given below :

 Liabilities Rs. Assets Rs. Capitals Bank 5,000 Anju 3,500 Debtors 4,700 Manju 2,750 Stock 2,300 Anju’s current A/c 300 Furniture 50 Creditors 12,000 Property 2,000 Manju’s current A/c 1,000 18,550 18,550

Firm was dissolved. Property realised Rs. 1,500. Bad debts amounted to Rs. 500. Stock realised Rs. 200 more than the book value. Furniture was taken over by Manju at Rs. 25. Creditors allowed Rs. 100 discount. Expenses came to Rs. 75.
Close the books of the firm.

We are providing a solution of Question 20 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:

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The video consists solution of question numbers from 19 to 20 Chapter no. 7 class 12 of Usha publication. To check the direct solution of question no. 20 from the flowing video by using time stamps of the video.

## The solution of Question 20 Chapter 7 of +2 Part-1: –

 Realisation A/c Particulars Amount Particulars Amount To Debtors A/c 4,700 By Trade creditors 12,000 To Stock A/c 2,300 By cash A/c To furniture A/c 50 Debtors 1,500 To property A/c 2,000 Property 4,200 To Cash A/c Stock 2,500 8,200 Creditors 11,900 By Manju’s Capital A/c 25 Expenses 75 By capital A/c – loss : Anju 450 Manju 350 800 21,025 21,025
 Partners’ Capital Account Particulars Anju Manju Particulars Anju Manju To current A/c 1,000 By Balance b/d 3,500 2,750 To Realisation A/c B7y Current A/c 300 — -loss 450 350 -furniture 25 To Cash A/c 3,350 1,375 3,800 2,750 3,800 2,750
 Bank A/c Particulars Amount Particulars Amount To balance b/d 8,500 By Realisation A/c To Realisation A/c 8,200 Creditors 11,900 Expenses 75 By Anju’s capital A/c 3,350 By Manju’s capital A/c 1,375 16,700 16,700

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