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M.192 An Aid to Accountancy—CBSE XII

Or
JOURNAL

Date Particulars L.F. Dr. (`) Cr. (`)
(a) Realisation A/c ...Dr. 12,000
To Dharam’s Capital A/c 12,000
(Being the remuneration credited to Dharam)
(b) (i) Realisation A/c ...Dr. 15,000
To Jay’s Capital A/c 15,000
(Being the remuneration payable to Jay)
(ii) Jay’s Capital A/c ...Dr. 16,000
To Vijay’s Capital A/c 16,000
(Being the dissolution expenses paid by Vijay on behalf of Jay)
(c) (i) Realisation A/c ...Dr. 7,000
To Deepa’s Capital A/c 7,000
(Being the remuneration payable to Deepa)
(ii) Deepa’s Capital A/c ...Dr. 6,000
To Bank A/c 6,000
(Being the dissolution expenses paid by firm on behalf of Deepa)
(d) (i) Realisation A/c ...Dr. 7,500
To Dev’s Capital A/c 7,500
(Being the remuneration payable to Dev)
(ii) Dev’s Capital A/c ...Dr. 7,500
To Realisation A/c 7,500
(Being the stock taken over by Dev as remuneration)
(e) (i) Realisation A/c ...Dr. 10,000
To Jeev’s Capital A/c 10,000
(Being the remuneration payable to Jeev)
(ii) Jeev’s Capital A/c ...Dr. 12,000
To Cash A/c 12,000
(Being the dissolution expenses paid by Jeev from firm’s cash)
(f) No entry
Note: For Case (d)—Alternatively, No entry will be passed. Neither for remuneration for dissolution, nor for
stock taken.
16.
Dr. REVALUATION ACCOUNT Cr.

Particulars ` Particulars `

To Raghu’s Capital A/c (Revaluation Expenses) 7,400 By Building A/c 19,600
To Gain (Profit) transferred to: By Provision for Doubtful Debts A/c 7,000
Raghu’s Capital A/c (` 30,000 × 3/5) 18,000 By Creditors A/c 10,800
Rishu’s Capital A/c (` 30,000 × 2/5) 12,000 30,000
37,400 37,400