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Answers
Answer:
Realisation account
particulars. amt. particulars. amt
Debtors. 22000. provision. 2000
investment. 10000. creditors. 12000
joint life policy 5000. B/P. 8000
machinery. 30000 E.P.F. 7000
stock. 15000 commission. 3000
Furniture. 8000 MrsA loan. 4000
I.F.F. 1000
J.P.R. 5000
depreciation. 3000
.. . reserve.
cash account
creditors 12000. Cash
B/P. 8000. (assets sold). 98000
E.P.F. 7000
Commission 3000
Mrs A loan 4000
profit. 19000
total. 143000. 143000