Q11please solve
 

Q.11
 
Journal in the books 
Date Particulars    Debit   Credit 
         
         
1 B's Capital A/c Dr.                 9,600  
  C's Capital A/c Dr.                 4,800  
  D's Capital A/c Dr.                 9,600  
    To Profit and Loss A/c                   24,000
  (Being accumulated loss transferred to capital account of partners in PSR)      
         
         
2 Bank A/c Dr.                 4,000  
    To Realisation A/c                     4,000
  (Being an unrecorded machinery realized)      
         
3 Realisation A/c Dr.               45,000  
    To Bank A/c                   45,000
  (Being creditors paid in full settlement)      


Regards

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