Q. 5. Dissolution Solution: Click Here for Answer, HSC Commerce Accounts 12 th standard.

Q. 5. Dissolution Solution: Click Here for Answer

In the books of the firm.
Realisation A/c

Particulars
Rs.
Rs.
Particulars
Rs.
Rs.
To Sundry Assets


By Sundry Liabilities


Stock
75000

Bills Payable
6000

Furniture
90000

Creditors
30000
36000
Investments
30000

By R.D.D.

3000
Machinery
90000




Buildings
45000

By Jay's Capital A/c
[Investment took over]

27600
Debtors
24000
354000
By Ajay's Capital A/c
[Furniture Took Over]

84000
To Bank A/c


By Bank A/c


Creditors
29100

Stock
73500

Bills Payable
6000

Debtors
22500

Dissolution Expenses
4200
39300
Machinery
84000




Building
42000
222000



By Loss on Realisation A/c





Jay's Capital A/c
12420




Ajay's Capital A/c
8280
20700

393300



393300

Partners Capital Accounts

Particulars
Jay
Ajay
Particulars
Jay
Ajay
To Realisation A/c
27600
84000
By Balance b/d
150000
150000
To Realisation A/c
[Loss]
12420
8280
By Reserve Fund
18000
12000






To Bank A/c
127980
69720




168000
162000

168000
162000

Bank Account

Particulars
Rs.
Particulars
Rs.
To Balance b/d
18000
By Realisation A/c
39300
To Realisation A/c
222000
By Jay's Loan A/c
3000


By Jay's Capital A/c
127980


By Ajay's Capital Ac/
69720









240000

240000

Jay's Loan Account

Particulars
Rs.
Particulars
Rs.
To Bank A/c
3000
By Balance b/d
3000









3000

3000