1.Anand, chandu, and Vijay are partners sharing profits and losses in the ratio of 3.

3. Anitha and Sunitha are partners sharing profits and losses equally. Their
2:2:1. Their balance sheet on 31.3.2022 was as follows: Balance Sheet as on 31.3.2022 was as follows:
Balance sheet as on 31.3.2022 Balance Sheet as on 31.3.2022
Liabilities Amount(₹) Assets Amount(₹) Liabilities Amount(₹) Assets Amount(₹)
creditors 15,000 cash in hand 5,000 Bills Payable 6,000 Cash at Bank 6,000
Anand’s loan 5,000 cash in bank 16,000 Creditors 20,000 Debtors 28,000
bills payable 10,000 debtors 25,000 Anitha’s loan 5,000 Less: PBD (2,000) 26,000
bank loan 8,000 bills receivable 5,000 Vanitha’s loan 5,000 Stock 40,000
profit and loss A/C 22,000 investments 18,000 Reserve fund 30,000 Investments 20,000
capitals: Anand 20,000 machinery 25,000 Capitals: Anitha 50,000 Furniture 14,000
Chandu 20,000 furniture 16,000 Sunitha 50,000 Buildings 60,000
Vijay 10,000 1,66,000 1,66,000
1,10,000 1,10,000 On the above date the firm was dissolved. Following information is available:
On the above date the firm dissolved. The following information is available a) The assets realised as follows: Debtors ₹25,600, Stock ₹39,000, Buildings
• Assets realised: debtors Rs. 24,000, Bills payable Rs. 4000, investments Rs. ₹66,000.
15000, machinery Rs.22000 b) Anitha took over 50% of investments at 10% less on its book value and
• Chandu took the furniture for Rs 10,000 remaining investments were sold at a gain of 20%.
• Creditors and bills payable are paid at a discount of 5% c) Furniture was taken over by Sunitha at ₹12,000.
• Unrecorded investments realised Rs. 4000 d) Anitha agreed to bear all Realisation expenses. For the service Anitha is paid
• Dissolution expenses Rs. 2,250. ₹2,600. Actual Realisation Expenses amounted to ₹2,000.
Prepare:1) Realisation Account 2)Partner’s capital account 3)Bank’s Account Prepare: Realisation Account, Partner’s Capital Accounts and Bank Account.

2. Suvarna and Sunanda are partners sharing profits and losses equally. Their 4. Ramya, Kavya and Divya are partners sharing profits and losses in the ratio
Balance sheet as on 31.3.2022 was as follows of 1:2:1. Their balance sheet as on 31.3.2022 was as follows:
Balance sheet as on 31.3.2022 Liabilities Amount(₹) Assets Amount(₹)
Liabilities Amount(₹) Assets Amount(₹) Creditors 20,000 Cash 15,000
Bills payable 10,000 cash at bank 15,000 Bills Payable 6,000 Debtors 15,000
Creditors 50,500 debtors Bank O/D 4,000 Stock 18,000
Sunanda’s loan 25,500 less: P.B.D 52,000 Reserve fund 8,000 Furniture 12,000
Reserve fund 15,000 stocks 40,000 Vani’s loan 5,000 Machinery 20,000
Capitals: furniture 15,000 Capitals: Ramya 42,000 Buildings 60,000
Suvarna 60,000 machinery 25,000 Kavya 35,000
Sunanda 80,000 buildings 81,000 Divya 20,000
profits and losses A/C 12,000 1,40,000 1,40,000
2,40,000 2,40,000 On the above data they decided to dissolve the firm:
On the above date the firm was dissolved. The following information is a) Assets realized as follows: Debtors ₹13,500, Stock ₹19,800, Buildings
available: ₹62,000, Vehicle which was unrecorded also realised ₹4,000 and Machinery
a) The assets realised as follows: realised at book value.
Debtors Rs.52,000, stock Rs. 39,000, machinery Rs. 24000, buildings Rs.74,000 b) Furniture was taken over by Ramya at a valuation of ₹9,000.
and furniture Rs. 13,000 c) Creditors were settled at 10% less. Divya took over Vani’s loan.
b) Creditors and bills payable were paid @5% discount d) Interest on Bank O/D due ₹400 was also paid off.
c) Dissolution expenses amounted to Rs.4000 e) Realisation expenses amounted to ₹4,000.
Prepare: Realisation A/c, Partners' capital Account and Bank A/c Prepare: Realisation Accounts, Partner’s Capital Accounts and Cash Accounts.
5. Shruti, Shilpa and Shreya were partners in a firm sharing profits and losses in 7. Rashmi and Geetha are partners sharing profits and losses in the ratio of 3:2.
the ratio of 2:2: 1. They decided to dissolve the firm. Their Balance Sheet on the Their Balance sheet as on 31-3-2022 is as follows:
date of dissolution was as follows: Balance Sheet as on 31. 3. 2022
Balance Sheet as on 31. 3. 2022 Liabilities Amount₹ Assets Amount₹
Liabilities Amount₹ Assets Amount₹ Sundry Creditors 10,000 Cash at Bank 5,000
Creditors 30,000 Cash at Bank 6,000 Bills payable 10,000 Bills Receivable 10,000
Bills payable 20,000 Debtors 30,000 Rashmi’s Loan 5,000 Sundry Creditors 20,000
Shreya’s Loan 8,000 Stock 30,000 Reserve Funds 10,000 Stock 15,000
General Reserve 10,000 Furniture 22,000 Capitals: Machinery 15,000
Capital: Machinery 20,000 Rashmi 30,000 Furniture 10,000
Shruthi 40,000 Buildings 50,000 Geetha 40,000 Goodwill 30,000
Shilpa 30,000 1,05,000 1,05,000
Shreya 20,000 On the above date the firm was dissolved.
1,58,000 1,58,000 a) The assets were realized as follows : Bills Receivable ₹ 7500 , Sundry Debtors
The assets realised as follows : and Stock @ 10% less than the book value, machinery realised 5% more than
the book value, and Goodwill realized for ₹ 12,000.
a) Debtors realised 10% less than the book value, the Stock realised 15% more
b) Furniture was taken over by Geetha at ₹ 8,000.
than the book value, Buildings realised ₹ 60,000. c) Dissolution expenses were ₹ 600.
b) The Furniture was taken over by Shruti at ₹20,000. d) All the liabilities were discharged in full.
c) The Machinery was taken over by Shilpa at ₹15,000. Show: 1. Realization a/c 2. Partners Capital Accounts 3. Bank a/c
d) Creditors and Bills Payable were paid off at a discount of 5%.
e) Cost of dissolution amounted to ₹1,500. 8. X, Y and Z are partners sharing profits and losses in the ratio of 3:2:1. Their
Prepare: i)Realisation Account ii)Partners Capital Account iii)Bank Account. Balance Sheet as on 31.3.2022 was as follows:
Balance Sheet as on 31.3.2022
6. Following is the Balance Sheet of Disha,Diya and Deepa as on 31.3.2022 Liabilities Amount₹ Assets Amount₹
Balance Sheet as on 31. 3. 2022 Capitals: X 30,000 Machinery 40,500
Liabilities Amount ₹ Assets Amount ₹ Y 20,000 Investment 20,830
Creditors 15,000 Cash 6,500 Z 10,000 Stock in trade 17,550
Bills payable 1,800 Debtors 8,600 Mr.Y’s Loan 10,000 Joint life policy 14,000
Reserve Funds 6,000 Investment 10,000 Creditors 18,500 Debtors 8,700
Capitals: Stock 13,700 Life policy fund 14,000 Profit & Loss a/c 1,500
Disha 22,000 Furniture 5,100 Investment fluctuations 6,000 Cash at bank 5,420
Diya 12,000 Buildings 22,900 funds
Deepa 10,000 1,08,500 1,08,500
66,800 66,800 The firm was dissolved on the above date.
It was decided to dissolve the partnership firm and the details available are: Joint life policy is surrendered for ₹ 12,000. Machinery is realised for ₹55000 ,
a) Disha took over buildings at ₹27,750. Stock is realised for ₹15000, Debtors realised ₹6150.
b) Deepa took over bills payable at book value. Investments are taken over by Mr. X for ₹17500 .
c) The other assets realised as under: Debtors ₹8,000, Investments Mr. Y agrees to discharge his wife's loan.
It is found that an investment not recorded in the books is worth ₹3000. The
₹8,950, Stock ₹15,600 and Furniture ₹4,500.
same is taken over by one of the creditors.
d) Realisation expenses amounted to ₹600. Expenses of realisation amounted to ₹600.
Prepare: i) Realisation Account ii)Partners Capital Account iii)Bank Account. Prepare: Realisation A/c, Partners' capital Account and Bank A/c
9. Amara, Madhura and Prema are partners sharing profits and losses in the 11. Arun, Kiran and Arjun were partners sharing profits and losses equally.
ratio of 2:1:1. Their Balance Sheet as on 31.3.2022 was as follows: Their Balance Sheet as on 31. 3. 2022 was as follows:
Balance sheet as on 31.3.2022 Balance Sheet as on 31. 3.2022
Liabilities Amount ₹ Assets Amount ₹ Liabilities Amount₹ Assets Amount₹
Bills payable 4,300 Cash in hand 1,000 Sundry Creditors 12,000 Cash at Bank 6,000
Creditors 5,700 Bills Receivable 400 Bank Loan 24,000 Bills Receivable 6,000
Capitals: Stock 20,000 Arun’s Loan 22,000 Debtors 25,000
Amara 30,000 Debtors. 7000 Reserve Funds 12,000 Stock 20,000
Madhura 20,000 Less: PBD. 400 6,600 Capitals: Investment 8,000
Prema 20,000 Joint life policy 4,000 Arun 40,000 Furniture 10,000
Joint Life Policy 4,000 Machinery 50,000 Kiran 30,000 Buildings 85,000
Funds Prepaid Rent 2,000 Arjun 20,000
84,000 84,000 1,60,000 1,60,000
The firm was liquidatedon the above date: On the above date the firm was dissolved.
a) Amara took over Joint Life Policy for ₹5,000 a) The assets were realised as follows: Bills receivable ₹5,000, Debtors
b) Stock realised for ₹22,000, Debtors realised ₹4,100 and Machinery was sold ₹23,500, Stock ₹18,000 and Buildings ₹95,000.
for ₹58,000. b) Investments were taken by Kiran at ₹10,000 and Furniture was taken over by
c) Bills on hand realised in full. Arjun at ₹8,000.
d) One bill for ₹500 under discount was dishonoured and had to be paid by the c) All the liabilities were paid in full.
firm. d) Dissolution expenses amount to ₹2,500.
Prepare: Realisation A/c, Partners' capital Account and Bank A/c Prepare: Realisation A/c, Partners' capital Account and Bank A/c

10. Following is the Balance Sheet of Neha, Nisha and Nikki,who share profit 12. Mohan, Nagaraju and Prakash are partners sharing profits and losses in the
and loss in Proportion of 1/2, 1/3 and 1/6. They dissolved their firm on 31.12. ratio of 4:3:2. Their Balance sheet as on 31. 3. 2022 was as follows :
2022. Balance Sheet as on 31. 3. 2022 Balance Sheet as on 31. 3. 2022
Liabilities Amount₹ Assets Amount₹ Liabilities Amount ₹ Assets Amount ₹
Creditors 12,000 Cash 11,000 Creditors 25,000 Cash 9,000
Bills payable 13,000 Debtors 8000 Bills payable 17,000 Debtors 27,000
Capitals: Less PBD 400 7,600 Prakash’s Loan 10,000 Stock 15,000
Neha 20,000 Stock 12,400 Reserve Funds 18,000 Investment 5,000
Nisha 15,000 Furniture 5,000 Capitals: Furniture 14,000
Nikki 10,000 Motor Van 40,000 Mohan 30,000 Building 40,000
Profit & Loss account 6,000 Nagaraj 20,000 Goodwill 20,000
76,000 76,000 Prakash 10,000
1,30,000 1,30,000
The details available are: On the above date the firm was dissolved.
a) Assets realised as follows: Debtors ₹10,800 , stock ₹16,000 , Furniture a) The assets realised as follows: Debtors realised 10% less than the book value,
₹6,000 , motor van ₹45,000. Investments realised 20% more than the book value, Buildings realised
b) Creditors and Bills payable were paid in full. ₹60,000, Stock realised ₹12,000 and Furniture sold for ₹15,000.
C) There was an outstanding bill for repairs which had to be paid for ₹200. b) Goodwill is taken over by Mohan at ₹15,000
D) Expenses of realisation amounted to ₹600. c) Creditors and Bills payable are settled at discount of 5% each.
Prepare Realisation A/c, Partners' capital Account and Bank A/c d) Realisation expenses ₹2,000.
Prepare Realisation A/c, Partners' capital Account and Bank A/c
13. Harish and Suresh are partners sharing profits and losses equally . They 15. Akash , Prithvi and Sagar are partners sharing profits and losses in ratio of
agreed to dissolve their partnership on 31.3.2022. Their Balance Sheet was as 1/2, 1/3 and 1/6 . They agreed to dissolve their firm on 31.3.2022, on which
follows; date the Balance Sheet was as follows
Liabilities Amount₹ Assets Amount₹ Balance sheet as on 31.3.2022
Creditors 25,000 Cash at Bank 14,000 Liabilities Amount₹ Assets Amount₹
Bills payable 10,000 Bills Receivable 5,000 Creditors 18,000 Cash in hand 6,000
Suresh’s Loan 10,000 Stock 18,000 Bills payable 18,000 Bills receivable 6,000
Reserve Fund 5,000 Debtors. 25,000 Akash’s Loan 12,000 Stock 20,000
Capitals: Less: PBD. 3,000 22,000 Capitals: Akash 45,000 Debtors 25,000
Harish 40,000 Buildings 23,000 Prithvi 30,000 Investment 8,000
Suresh 30,000 Machinery 38,000 Sagar 15,000 Furniture 10,000
1,20,000 1,20,000 Reserve funds 12,000 Buildings 75,000
1,50,000 1,50,000
The following information is available
The following information is available.
i) Assets realised as follows: Stock ₹25,000,Debtors ₹20,000, Bills Receivable
a) Assets realised as follows: Bills Receivable ₹ 5000, stock ₹ 18000, furniture
₹4,000 and Machinery ₹33,000.
₹ 8000, buiildings ₹80,000 , investments ₹10,000.
ii) Creditors are taken over by Harish at book value.
b) Debtors for ₹2,500 proved to be bad.
iii) Bills payable were paid by the firm at 5% discount.
c) All liabilities were paid in full.
iv) Suresh paid the realisation expenses of ₹1000 and he was to get a
d) Firm had to pay ₹3,000 for outstanding salary not provided for earlier.
remuneration of ₹2,000 for completing dissolution process.
e) Cost of dissolution amounted to ₹2,500.
Prepare: Realisation A/c, Partners' capital Account and Bank A/c
Prepare: Realisation A/c, Partners' capital Account and Bank A/c
14. Appu, Abhi and Akash were partners in a firm sharing profit and losses in
16. Tanu and Sonu are partners sharing profits and losses in the ratio of 5:3
the ratio of 2:1:1. Their Balance Sheet on the date of dissolution was as follows:
They agreed to dissolve their firm on 31.3.2022, on which date the Balance
Balance Sheet as on 31.3.2022
Sheet was as follows:
Liabilities Amount₹ Assets Amount₹
Balance Sheet as on 31.3.2022
Creditors 20,000 Bank 8,000 Liabilities Amount₹ Assets Amount₹
Loan from Appu 5,000 Debtors 20,000
Sundry Creditors 62,000 Cash at Bank 16,000
Loan from Akshay 2,000 Stock 25,000
Bills payable 32,000 Stock 75,000
P &L a/c 6,000 Furniture 10,000
Bank loan 50,000 Sundry Debtors 55,000
Capitals: Appu 20,000 Machinery 15,000
Capitals: Investment 70,000
Abhi 15,000
Thanu 1,10,000 Motor Car 90,000
Akash 10,000
Sonu 90,000 Machinery 45,000
78,000 78,000
Reserve Funds 16,000 Fixtures 9,000
The following information is available:
3,60,000 3,60,000
a) The assets were realized as follows:
On the above date the firm is dissolved and the following agreement was made:
Debtors realized at 10% less and stock realized 10% more than the book value
Thanu agree to pay the bank loan and took away the sundry Debtors. Sundry
b) Furniture was taken over by Appu at an agreed value of ₹8000.
Creditors accepts Stock and paid ₹10,000 to the firm.
c) Machinery was taken over by Abhi at ₹12000.
Machinery is taken over by Sonu for ₹40,000 and agreed to pay Bills Payable at
d) Creditors were paid off at a discount of 5% each.
a discount of 5%. Motor Car was taken over by Thanu for ₹60,000. Investment
e) Expenses of dissolution amounted to ₹500
realized ₹76,000 and Fixtures ₹4,000. The expenses of realization amounted to
Prepare: Realisation A/c, Partners' capital Account and Bank A/c
₹2,200.
Prepare: 1. Realisation a/c 2. Partners Capital a/c 3. Bank a/c
17. Anil, and Sunil were partners in a Firm. Their Balance Sheet as on 19. Anu and Tanu are partners sharing profits and losses in the ratio 3:2.They
31.3.2022 was as follows: agreed to dissolve their firm on 31.3.2022 when their Balance Sheet was as
Balance Sheet as on 31.3.2022 follows:
Liabilities Amount₹ Assets Amount₹ Balance Sheet as on 31.3.2022
Creditors 10,000 Cash 5,000 Liabilities Amount₹ Assets Amount₹
Bills payable 6,000 Debtors 15,000 Capitals: Machinery 70,000
Bank O/D 4,000 Stock 18,000 Anu. 90,000 Investment 50,000
Mr’s Sunil’s Loan 5,000 Furniture 12,000 Tanu. 80,000 1,70,000 Stock 22,000
Profit & Loss a/c 8,000 Machinery 20,000 Reserve Fund 10,000 Sundry Creditors 1,03,000
Capital: Anil 52,000 Buildings 50,000 Creditors 60,000 Cash at bank 15,000
Sunil 45,000 Goodwill 10,000 Bills payable 20,000
1,30,000 1,30,000 2,60,000 2,60,000
On the above date, they decided to wind up the firm. The following information The assets and liabilities were disposed off as follows:
is available: (a) Machinery were given to creditors in full settlement of their account and
a) Debtors realied less 10%, stock realised 10% more and building realised Stock were given to Bills Payable in full settlement.
₹62,000. Vehicle which was unrecorded realised ₹4,000 (b) Tanu took over Investments at book value. Sundry Debtors of book value ₹
b) Furniture was taken over by Anil at a valuation of ₹9,000. 50,000 were taken over by Anu at 10% less and remaining Debtors realised
c) Creditors to be settled at 10% less and interest on Bank O/D due ₹500 also to ₹51,000.
be paid off. Mr.Sunil took over his wife's loan C) Realisation expenses were amounted to ₹2,000
d) Dissolution expenses amounted to ₹3,000 Prepare: 1. Realisation A/c 2. Partners' Capital Accounts 3. Bank A/c
Prepare 1. Realization a/c 2. Partners Capital Accounts 3. Cash a/c
20. Sanjay and Veneet are partners sharing profits and losses in the ratio of 3:2.
18. Ganga and are partners in a Firm, sharing profits and losses equally.They On 31.3.2022 their Balance Sheet was as follows:
agreed to dissolve their firm on 31.3.2022, on which date the Balance Sheet was Balance Sheet as on 31.3.2022
as follows:
Liabilities Amount ₹ Assets Amount ₹
Balance sheet as on 31.3.2022
Capitals: Plant 90,000
Liabilities Amount₹ Assets Amount₹
Sanjay. 1,50,000 Debtors 60,000
Creditors 50,000 Cash at Bank 25,000 Vineet. 1,20,000 2,70,000 Furniture 32,000
Bills payable 30,000 Bills Receivable 20,000 Creditors 80,000 Stock 60,000
Reserve Funds 10,000 Stock 30,000 Bills payable 30,000 Investment 70,000
Capitals: Debtors 40,000 Bills Receivable 36,000
Ganga 75,000 Buildings 50,000 Cash in hand 32,000
Yamuna 60,000 Motor car 20,000 3,80,000 3,80,000
Furniture 40,000
On the above date the firm was dissolved. Sanjay was appointed to realise the
2,25,000 2,25,000
assets. Sanjay was to receive 6% commission on the sale of assets (except cash)
(a) Assets realised as follows: Stock ₹30,400, B/R ₹19,000, Furniture ₹33,000, and was to bear all expenses of realisation.
Debtors realised ₹42,600(with interest) and ₹ 2,000 were recovered for bad (a) Sanjay realised the assets as follows: Plant ₹2,000, Debtors ₹54,000,
debts written off last year. Furniture ₹18,000, Stock 90% of book value, Investments 76,000 and Bills
(b)Ganga took over Buildings at ₹60,000, Yamuna took over motorcar at ₹26,600 Receivable ₹31,000.
(c) All the liabilities were paid in full (b) One of the Creditors for ₹1,300 did not claim the amount.
(d) Realisation expenses were amounted to ₹5,000 (c) Expenses of realisation amounted to ₹4,500.
Prepare: 1. Realisation A/c 2. Partners’ Capital Accounts 3. Bank A/c Prepare: 1. Realisation A/c 2. Partners’ Capital Accounts 3. Bank A/c.