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6.38 Double Entry Book Keeping (Section A)—ISC XII

5. Loss on Realisation—` 31,000; Final Payment: A—` 24,500; B—` 18,500. Total of Cash Account—
` 83,000.
6. Sundry Assets on the date of dissolution were: ` 21,250; Gain (Profit) on Realisation: ` 2,750;
Final Payment: A—` 8,750; B—` 5,000. Total of Bank Account—` 24,000.
7. Loss on Realisation—` 6,000; Final Payment: A—` 100; B—` 1,300; Cash brought in by C—` 400. Total
of Bank Account—` 1,400.
8. Total Sundry Assets—` 94,000; Loss on Realisation—` 3,500; X receives—` 51,900; and Y receives—
` 28,600. Total of Bank Account—` 88,500.
9. Gain (Profit) on Realisation—` 1,32,000; Amount paid to Rita Chowdhary—` 1,23,000; Sobha—
` 1,08,000. Total of Bank Account—` 3,33,750.
10. Capitals on 31st March, 2019: Atal—` 50,530; Jawahar—` 33,580; Lal—` 16,630; Assets on 31st March, 2019:
` 1,18,740; Gain (Profit) on Realisation: ` 1,500; Final Payment: Atal—` 51,280; Jawahar—` 34,080 and
Lal—` 16,880; Total of Bank Account—` 1,23,000.