Question

In balance sheet land and building Rs 800000 and investment Rs 200000 are disclosed respectively Rs 900000 and Rs 150000 are realized from them?​

Answer 1

Answer:

Okkkk. Will try and tell you the answer

Explanation:

:)

Answer 2

Answer:

1. Realisation a/c Dr. 10,00,000

To,Land-Building a/c 8 00,000

To,Investment a/c. 2,00,000

( being value of land- building and investment realised )

2. Cash/ Bank a/c Dr. 10,50,000

To,realisation a/c. 10,50,000

( being value of 9,00,000 and 1,50,000 realised through bank )

Explanation:

as in dissolution we have to close all the liability and asset and on thr behaf of that to close account one account is open name realisation.