Question

o By
Aus Profit on realisation
Shobha 31.08.000, Total of Bank Alo 33,33.750.)
0.1 Anurag and Prem were partners sharing profits and losses in 2:1. On 31st
Marchezo their Balance Sheet was as follows:
Nirs
M's Lo
Trade Credito
by ou
sooo By Bart
stock
standing
60,000
Capi
3.000
9800
Sundry Creditors
60.000 Bank
Mrs. Anurag's Loan
80.000 Sundry Debtors
Anurag's Loan
50.000 Less Provision for
Workmen's Compensation
Doubtful Debts
Reserve
.20,000 Stock
Investment Fluctuation Reserve 10,000 Furniture
Profit and Lass
5,000 Plant
Capitals
Investments
Anurag
3.50,000
Advertisement Expenses
45,000 3,95.000
7,20,000
$7,000
100,000
20.000
4,00,000
45.000
15.000
9900
10000
was
7.20.000
2. Duri
settle
Asse
Plant
bool
4 pro
10%
Trad
The firm was dissolved on the above date: 60000-12.00
Anurag took over 60% of the stock at a discount of 20% 25% of the
remaining stock was sold at a profit of 40%-on cost, Remaining stock was
found obsolete and realised nothing
(1) Finn had to pay 90,000 as compensation to workers
(1) Sundry Creditors took over investments in full settlement.
(iv) Sundry Debtors realised at 75% and plant realised 20% less.
(v) Prem agreed to take over the responsibility of completing dissolution work
and he was given furniture as his remuneration.
(vi) Realisation expenses amounted to 10,000.
Prepare Realisation Account
Ans. Loss on Realisation 21,35,000.1
per a
Prepare
Tans. Pre
B2114.000
310.000
(0 Book value of remaining 25% stock: 25% of 40.000​

Answer 1

Answer:

only 5 points lol......

Answer 2

Answer:

This Is The Answer & It's Very Easy