Login

Prepare realisation account.

Dear Student
Realisation A/c
Particulars Amount Particulars Amount
To Fixed Deposits 70000 By Creditors 19000
To Investments 104000 By B/P 110000
To Debtors 177000 By EPF 50000
To Stock 86000 By Mrs. Sunny's Loan 55000
To Other fixed assets 380000 By Cash  
To Deferred revenue 35000 -Debtors 54600
To Sunny's A/c 55000 -Investments 15600
To Cash   -Other assets (198000+136000) 334000
-Creditors 1750 -Fixed Deposits 75600
-B/P 110000 To Bobby's A/c  
-EPF 50000 -Stock 68800
    -Investments 74880
    -Unrecorded asset 44000
    To Sunny's Capital 100362
    To Bobby's Capital A/c 66908
  1068750   1068750


Regards

  • -2
View Full Answer
What are you looking for?