Answer 1:

Journal
S.N. Particulars L.F.
Debits
Amount
Rs
Credit
Amount
Rs
(a) Realisation A/c Dr. 1,500
To Cash A/c 1,500
(Realisation expenses paid)

(b) Realisation A/c Dr. 600
To Mohans Capital A/c 600
(Realisation expenses paid b! Mohan)

(c) Realisation A/c Dr. ",000
To Mohans capital A/c ",000
(Co##ission allo$ed to Mohan on dissol%tion o&
the &ir#)


(d) No entry
'o (o%rnal entr! is passed beca%se both #otor car
and creditors acco%nts ha)e alread! been trans&erred
to Realisation Acco%nt and nothin* is reco)ered or
paid in ter#s o& Cash and +an,



Answer 2:
Journal
S.N. Particulars L.F.
Debits
Amount
Rs
Credit
Amount
Rs
(a) Realisation A/c Dr. 10,000
To A(a!s Capital A/c 10,000
(-xpenses on Realisation paid b! A(a!)

(b) Rah%ls Capital A/c Dr. 15,000
To Cash A/c 15,000
(Realisation -xpenses paid b! Rah%l )

(c) Realisation A/c Dr. "5,000
To Ra#eshs Capital A/c "5,000
(Re#%neration allo$ed to Ra#esh on acco%nt
o& ta,in* responsibilit! o& dissol%tion)


(d) Realisation A/c Dr. "0,000
To An%(s Capital A/c "0,000
(Re#%nation allo$ed to An%()
An%(s Capital A/c Dr. 5,000
To +an, A/c 5,000
(Realisation expenses paid b! the &ir# on
behal& o& An%()

Answer 3:
Journal
S.N. Particulars L.F.
Debits
Amount
Rs
Credit
Amount
Rs
(a) Realisation A/c Dr. .,500
To Alo,s Capital A/c .,500
(Re#%neration allo$ed to Alo,)
Alo,s capital A/c Dr. 10,000
To +an, A/c 10,000
(-xpenses paid b! the &ir# on behal& o& Alo,)
Alternatively, only one single entry can also be
passed instead of above two entries.

Realisation A/c Dr. .,500
Alo,s Capital A/c Dr. ",500
To +an, A/c 10,000
(Realisation expenses paid)


(b) Realisation A/c Dr. ",000
Ra)inders Capital A/c Dr. /,000
To +an, A/c 5,000
(Realisation expenses paid)

(c) Realisation A/c Dr. 10,000
To A#its Capital A/c 10,000
(Realisation expenses paid b! A#it on behal& o&
the &ir#)

Answer 4:

Journal
S.N. Particulars L.F.
Debits
Amount
Rs
Credit
Amount
Rs
(a) +an, A/c Dr. 50,000
To Realisation A/c 50,000
(Assets reali0ed &or cash)

(b) Realisation A/c Dr. 10,000
To +an, A/c 10,000
(1a!#ent o& liabilities #ade)

(c) Realisation A/c Dr. ",500
To 2s Capital A/c ",500
(53 co##ission allo$ed to Mr. 2s on sale o&
assets o& Rs 50,000)


(d) Realisation A/c Dr. 10,000
To A#rits Capital A/c 10,000
(A#rit $as allo$ed re#%neration on acco%nt o&
realisation)

A#rits Capital A/c Dr. 15,000
To +an, A/c 15,000
(Realisation expenses paid on behal& o& a#rit)
Alternatively, only one single entry can also be
passed instead of above two entries .

Realisation A/c Dr. 10,000
A#rits Capital A/c Dr. 5,000
To +an, A/c 15,000
(Realisation expenses paid)

(e) +ad debts Reco)ered A/c Dr. /,600
To Realisation A/c /,600
(+ad debts reco)ered)

(&) Cash A/c Dr. 15,000
To Realisation A/c 15,000
(4n)est#ents are realised at 1503)


Answer 5:


Journal
S.N. Particulars L.F.
Debits
Amount
Rs
Credit
Amount
Rs
(a) Realisation A/c Dr. 1",000
To +an, A/c 1",000
(+an, loan paid at the ti#e o& dissol%tion)

(b) 5s Capital A/c Dr. 16,000
To Realisation A/c 16,000
(6toc, ta,en o)er b! 5)

(c) Realisation A/c Dr. 7,000
To 1s Capital A/c 7,000
(Creditors paid b! 1)

(d) +an, A/c Dr. 1,"00
To Realisation A/c 1,"00
(8nrecorded assets realised)

(e) Realisation A/c Dr. ",000
To 5s Capital A/c ",000
(Realisation expenses paid b! 5)

(&) Realisation A/c Dr. /6,000
To 1s Capital A/c "0,000
To 5s Capital A/c 16,000
(Realisation 1ro&it distrib%ted )
Answer 6:
Journal
Date Particulars L.F.
Debit
Amount
Rs
Credit
Amount
Rs
Realisation A/c Dr. 9,"",000
To :and ; +%ildin* A/c 7,00,000
To Machiner! A/c /,00,000
To Debtors A/c ","",000
(+ein* assets trans&erred)

Creditors A/c Dr. 1,.9,000
-#plo!ees 1ro)ident <%nd A/c Dr. "1,000
To Realisation A/c ",00,000
(+ein* liabilities trans&erred)

+an, A/c Dr. 7,/0,000
To Realisation A/c 7,/0,000
(+ein* :and ; +%ildin* realised)

+an, A/c (","5,000 = 1,000) Dr. ","6,000
To Realisation A/c ","6,000
(+ein* Debtors realised alon*>$ith +ad>debts
reco)ered)


+an, A/c Dr. "5,000
To Realisation A/c "5,000
(+ein* 8nrecorded 4n)est#ents sold)

+an, A/c Dr. ",?0,000
To Realisation A/c ",?0,000
(+ein* Machiner! too, o)er b! @ichal &or Cash)

Realisation A/c Dr. 1,.5,000
To +an, A/c (?5,500 = ?9,500) 1,.5,000
(+ein* 503 Creditors o& Rs ?9,500 $ere paid at a
disco%nt o& Rs 7,000 and re#ainin* 503 $ere settled
in &%ll)


Realisation A/c Dr. 67,000
To Achals Capital A/c "7,000
To @ichals Capital A/c 70,000
(+ein* pro&its on realisation trans&erred)

Achals Capital A/c Dr. /,"7,000
@ichals Capital A/c Dr. 5,70,000
To +an, A/c ?,67,000
(+ein* 1artners paid o&&)


Answer 7:
Journal
Date Particulars L.F.
Debit
Amount
Rs
Credit
Amount
Rs
Realisation A/c Dr. 6,000
To A%nals Capital A/c 6,000
(+ein* A%nal a*rees to pa! o&& his $i&es loan)

Realisation A/c Dr. ".,000
To Cash A/c ".,000
(+ein* Creditors $orth Rs /0,000 paid o&& at a
disco%nt o& 103)


Rohits :oan A/c Dr. .0,000
To Cash A/c .0,000
(+ein* :oan paid b! the &ir#)

A%nals Capital A/c Dr. /,000
To Realisation A/c /,000
(+ein* asset ta,en o)er b! A%nal)

Rohits Capital A/c Dr. 5,000
A%nals Capital A/c Dr. 5,000
6artha,s Capital A/c Dr. 5,000
To 1ro&it and :oss A/c 15,000
(+ein* :oss distrib%ted eB%all!)

Realisation A/c Dr. 15,000
To 6artha,s Capital A/c 15,000
(+ein* re#%neration o& Rs 15,000 paid &or co#pletion
o& dissol%tion process)



Answer 8:
Journal
S.N. Particulars L.F.
Debits
Amount
Rs
Credit
Amount
Rs
(a) Realisation A/c Dr. 5,000
To +an, A/c 5,000
(1a!#ent #ade &or realisation expenses)

(b) 'o -ntr!

(c) Cs Capital A/c Dr. 10,000
To Realisation A/c 10,000
(Machine ta,en o)er b! C)

(d) Realisation A/c Dr. "0,000
To 2s Capital A/c "0,000
(2 accepted the liabilities)

(e)
(&)
Cs :oan A/c Dr. "0,000
To ban, A/c "0,000
(1a!#ent o& Cs :oan #ade)

2s Capital A/c Dr. "5,000
Cs Capital A/c Dr. 15,000
Ds Capital A/c Dr. 10,000
To 1ro&it and :oss A/c 50,000
(+alance o& 1ro&it and :oss acco%nt distrib%ted
a#on* partners in their old ratio)


(*) Realisation A/c Dr. 50,000
To +an, A/c 50,000
(+an, :oan paid)

(h) +an, A/c Dr. 1.,000
To Realisation A/c 1.,000
(8nrecorded assets sold)

(i) Ds Capital A/c Dr. 17,000
To Realisation A/c 17,000
(6toc, ta,en o)er b! D)

(() Realisation A/c Dr. /0,000
To 2s Capital A/c 15,000
To Cs Capital A/c 9,000
To Ds Capital A/c 6,000
(1ro&it on realisation distrib%ted a#on*
partners)

Answer 9:
Realisation Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
Machiner! 10,5?06%ndr! Creditors 17,000
6toc, 7,.70+an, (Assets Realised) 19,500
Debtors 5,570
+an, A/cE :oss trans&erred toE
Creditors 17,000 2s Capital A/c 1,"00
-xpenses 770 17,770 Cs Capital A/c 600 1,?00


/5,/00 /5,/00




Partners Capital Accounts
Dr. Cr.
Particulars X Y Particulars X Y
Realisation A/c (:oss) 1,"00 600+alance b/d 7,000 /,000
Reser)e &or Contin*encies /// 16.
+an, A/c /,1// ",56.
7,/// /,16. 7,/// /,16.



Ban Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
+alance b/d 670Realisation A/c 17,770
Realisation A/c 19,5002s Capital A/c /,1//
Cs Capital A/c ",56.
"0,170 "0,170


Answer 10:
Realisation Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
+%ildin* 75,000Creditors 17,000
Machiner! 15,000+an, A/cE
<%rnit%re 1",000 6toc, "",000
Debtors ?,000 Debtors .,500
6toc, "7,000 Machiner! 16,000
+%ildin* /5,000 ?0,500
+an, A/cE
Creditors 17,000 +ales :oan 500
-xpenses ",500 16,500Cales Capital A/c (<%rnit%re ) 9,000
:oss trans&erred toE
+ales Capital A/c ?,"50
Cales Capital A/c ?,"50 16,500
1,"0,500 1,"0,500



Partners Capital Accounts
Dr. Cr.
Particulars Bale Yale Particulars Bale Yale
Realisation A/c (:oss) ?,"50 ?,"50+alance b/d 50,000 70,000
Realisation A/c F 9,000General Reser)e
(Hld Ratio)
7,000 7,000
+an, A/c 75,.50 "6,.50

57,000 77,000 57,000 77,000





Bales Loan Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
+an, A/c ",500+alance b/d /,000
Realisation A/c 500

/,000 /,000



Ban Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
+alance b/d 11,000+ales :oan ",500
Realisation A/c ?0,500Realisation A/c 16,500
+ales Capital A/c 75,.50
Cales Capital A/c "6,.50

91,500 91,500


Answer 11:

Realisation Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
<%rnit%re 11,0001ro)ision &or +ad Debts 700
4n)est#ents .,0006%ndr! creditors 9,500
6to,e /?,000
Debtors ?,000Rathis Capital (4n)est#ent) .,500
Cash A/cE Cash A/c (<%rnit%re, debtors, stoc, ) 7?,700
6%ndr! Creditors 9,000 :oss trans&erred toE
-xpenses 600 9,600 Iathis Capital A/c /,900
6ethi s Capital A/c ",/70
Rathis Capital A/c 1,560 .,?00


./,600 ./,600




Partners Capital Accounts
Dr. Cr.
Particulars Jat!i Set!i Rat!i Particulars Jat!i Set!i Rat!i
Realisation A/c (:oss) /,900 ",/70 1,560+alance b/d "?,000 19,000 ?,000
Realisation A/c F F .,500
Cash A/c "7,100 16,660 F Cash A/c F F 1,060

"?,000 19,000 9,060 "?,000 19,000 9,060




Cas! Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
+alance b/d 900Realisation A/c 9,600
Realisation A/c 7?,700Iathis Capital A/c "7,100
Rathis Capital 1,0606ethis Capital A/c 16,660

50,/60 50,/60


Answer 12:
Realisation Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
6toc, "5,0006%ndr! Creditors "1,500
Debtors 1?,000:oan "1,500
<%rnit%re 5,000
Machiner! ?,000Cash A/cE
<ixed Assets ",000
Cash A/cE 6toc, and Debtors //,000 /5,000
6%ndr! creditors "1,500
-xpenses 600 :oss trans&erred toE
:oan "1,500 7/,600 6har#as Capital A/c 10,?00
@er#as Capital A/c .,"00
G%ptas Capital A/c /,600 "1,600

99,600 99,600




Partners Capital Accounts
Dr. Cr.
Particulars S!arma "erma #upta Particulars S!arma "erma #upta
Realisation A/c
(:oss)
10,?00 .,"00 /,600+alance b/d 6,000 5,000 /,000
Cash A/c 7,?00 ","00 600

10,?00 .,"00 /,600 10,?00 .,"00 /,600


Cas! Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
+alance b/d 1,000Realisation A/c 7/,600
Realisation A/c /5,000
6har#as Capital 7,?00
@er#as Capital ","00
G%ptas Capital 600

7/,600 7/,600


Answer 13:
Realisation Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
Debtors 16,0001ro)ision &or Do%bt&%l Debts 700
6toc, 1",000Creditors "7,000
<%rnit%re 7,000
+%ildin* 77,000+an, A/cE
+an, A/cE 6toc, 10,000
Creditors "",000 <%rnit%re ",000
:iabilit! &or da#a*es 6,000 +%ildin* 50,000
-xpense ",000 /0,000 Debtors 17,000 .6,000
:oss trans&erred toE
As Capital A/c ","70
+s Capital A/c ","70
Cs Capital A/c 1,1"0 5,600

1,06,000 1,06,000



Partners Capital Accounts
Dr. Cr.
Particulars A B C Particulars A B C
Realisation A/c
(:oss)
","70 ","70 1,1"0+alance b/d /0,000 "7,000 1",000
Reser)e A/c 7,000 7,000 ",000
+an, A/c /1,.60 "5,.60 1",??0

/7,000 "?,000 17,000 /7,000 "?,000 17,000



Ban Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
+alance b/d "7,700Realisation A/c /0,000
Realisation A/c .6,000As Capital A/c /1,.60
+s Capital A/c "5,.60
Cs Capital A/c 1",??0
1,00,700 1,00,700


Answer 14:
Realisation Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
6toc, 6,000Creditors /?,000
Debtors 19,000Mrs. As :oan 10,000
<%rnit%re 7,000
1lant "?,000As Capital A/c (4n)est#ents) ?,000
4n)est#ents 10,000+an, A/cE
As Capital A/c (Mrs. As loan) 10,000 6toc, 5,000
+an, A/c E Debtors 1?,500
-xpenses 1,600 <%rnit%re 7,500
Creditors /.,000 /?,600 1lant "5,000 5/,000
:oss trans&erred toE
As Capital A/c /,960
+s Capital A/c ",670 6,600
1,15,600 1,15,600





Partners Capital Accounts
Dr. Cr.
Particulars A B Particulars A B
Realisation (loss) /,960 ",670+alance b/d 10,000 ?,000
Realisation A/c ?,000 F Reser)e A/c /,000 ",000
1ro&it and :oss A/c 7,500 /,000Realisation A/c 10,000 F
+an, A/c 6,570 7,/60
"/,000 10,000 "/,000 10,000



Bs Loan Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
+alance b/d 15,000
+an, A/c 15,000
15,000 15,000



Ban Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
+alance b/d 11,500Realisation A/c /?,600
Realisation A/c 5/,000As Capital A/c 6,570
+s Capital A/c 7,/60
+s :oan A/c 15,000
67,500 67,500

Answer 15:
Realisation Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
+%ildin* 70,0001ro)ision &or Do%bt&%l Debts ",000
1lant and #achiner! 70,000+ills 1a!able 70,000
6toc, 19,000:oan &ro# +an, /0,000
6%ndr! Debtors 7",000
+an, A/cE +an, A/cE
+ills 1a!able /",000 6toc, "/,700
H%tstandin* +ill ?00 Debtors "1,000
-xpenses 1,"50 +%ildin* /6,000
:oan &ro# +an, /0,000 67,050 1lant and Machiner! /6,000 1,16,700
:oss trans&erred toE
1s Capital A/c 9,"50
5s Capital A/c 5,550
RCapital A/c 1,?50 16,650
",05,050 ",05,050



Partners Capital Accounts
Dr. Cr.
Particulars P $ R Particulars P $ R
Realisation A/c
(:oss)
9,"50 5,550 1,?50+alance b/d 77,000 /6,000 "0,000
Reser)e <%nd 5,000 /,000 1,000
+an, A/c /9,.50 //,750 19,150
79,000 /9,000 "1,000 79,000 /9,000 "1,000



Ban Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
+alance b/d 70,000Realisation A/c 67,050
Realisation A/c 1,16,7001s Capital A/c /9,.50
5s Capital A/c //,750
Rs Capital A/c 19,150
1,56,700 1,56,700


Answer 16:
Realisation Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
<reehold propert! 16,0006%ndr! creditors ",000
4n)est#ents 7,000
6%ndr! Debtors ",000Dipalis Capital A/c (4n)est#ent) /,?00
6toc, /,000+an, A/cE
+an, A/cE <reehold 1ropert! 1?,000
Creditors 1,900 6%ndr! Debtors 1,?00
-xpenses 700 ",/00 6toc, ",?00
Co#p%ter 1rinter 1,000 "/,600
1ro&it trans&erred toE
Dipalis Capital A/c 1,"60
Ra(ashris Capital A/c ?70 ",100
"9,700 "9,700



Partners Capital Accounts
Dr. Cr.
Particulars Dipali Ra%as!ri Particulars Dipali Ra%as!ri
Realisation A/c (4n)est#ents) /,?00 F +alance b/d 1.,500 10,000
1ro&it and :oss A/c 900 600
+an, A/c 15,?60 11,770Realisation A/c (1ro&it) 1,"60 ?70
19,660 11,770 19,660 11,770



Ban Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
+alance b/d ",000Realisation A/c ",/00
Cash A/c 7,000Dipalis Capital A/c 15,?60
Realisation A/c "/,600Ra(ashris Capital A/c 11,770

"9,600 "9,600


Answer 17:
Realisation Account
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
6toc, 19,?001ro)ision &or Do%bt&%l Debts 1,000
Debtors 15,000Creditors 1.,000
4n)est#ents 7,000+ills 1a!able 1",000
<%rnit%re 10,000@inods Capital A/c 5,000
Machiner! //,000+an, A/cE
+an, (-xpenses) ",000 6toc, 1.,500
+an, (Creditors) 1.,000 Debtors 17,500
+an, (+ills 1a!able) 1",000 <%rnit%re 6,?00
Machiner! /0,/00 69,100
:oss on Realisation trans&erred toE
@inod 7,/50
@i(a! ",900
@en,at 1,750 ?,.00
&'&(')** &'&(')**


Partners Capital Account
Dr. Cr.
Particulars "inod "i%a+ "enat Particulars "inod "i%a+ "enat
Realisation
A/c
(4n)est#ents)
5,000 F F +alance b/d "5,000 11,000 ?,000
Realisation
A/c (:oss)
7,/50 ",900 1,750
General
Reser)e
/,000 ",000 1,000
+an, A/c 1?,650 10,100 .,550
()'*** &,'*** -'*** ()'*** &,'*** -'***


"inods Loan A.c
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
+an, A/c 5,/00+alance b/d 5,/00
/',** /',**


Ban A.c
Dr. Cr.
Particulars
Amount
Rs
Particulars
Amount
Rs
+alance b/d /,500Realisation A/c (-xpenses) ",000
Realisation A/c (Assets realised) 69,100Realisation A/c (Creditors) 1.,000
Realisation A/c (+ills 1a!able) 1",000
@inods :oan A/c 5,/00
@inods Capital A/c 1?,650
@i(a!s Capital A/c 10,100
@en,ats Capital A/c .,550
0('1** 0('1**