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