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Realization Account is prepared at the time of dissolution of a partnership firm. This account is prepared to know the profit made or loss incurred at the time of dissolution of a firm. All the assets except cash and bank a/c are transferred to the debit side of realization account and liabilities (not capital accounts) are transferred to the credit side of realization account. When assets are sold cash/bank A/c is debited and Realization A/c credited. On settling the liabilities Realization A/c is debited and Cash/Bank A/c is credited. In last if total of credit side exceeds debit side, it means there is profit and that is transferred to partner's capital accounts. In case of loss, the partners' capital accounts are debited and Realization A/c credited.

Format of Realisation Account
Dr. Cr.

Particulars	Amount (Rs.)	Particulars	Amount (Rs.)
Various Assets (Excluding Cash/Bank, fictitious assets, Debit balance of P and L A/c, partner Capital A/c, Current A/c, Loan to Partner)	-	Various Liabilities (Excluding Partner Capital account, reserves, P and L A/c, Current A/c, Loan to Partner)	-
Cash/Bank (Payment for realisation expenses)	-	Provision on assets (like, Provision for doubtful debts; Provision for depreciation)	-
Cash/Bank (Payment to outside and unrecorded liabilities)	-	Cash/Bank (Amount received from realisation of assets and unrecorded assets)	-
Partner's Capital A/c (If any liability taken on expenses paid by him or remuneration payable to him )	-	Partner 's Capital A/c (If any asset taken over by any partner)	-
Partner Capital A/c (Profit on realisation distributed in the profit sharing ratio among all the partners)	-	Partner Capital A/c (Loss on realisation borne by all the partners in their profit sharing ratio)	-
	-		-

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Inder and Tilak start business by contributing rupees 70050 8000 respectively and agreed to share profit and loss equal in the first year rupees 43000 of profit was and before allowing interest on capital find out each share of profit when interest is allowed at the rate 10% per annum on capital when no interest is allowed on capital

Posted by Razik Ansari 4 years, 2 months ago

UP Board > Class 12 > लेखाशास्त्र

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What is partnership

Posted by Suyash Singh 4 years, 7 months ago

UP Board > Class 12 > लेखाशास्त्र

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Sobit . 4 years, 1 month ago

Partnership is a relationship between parson who have agreed to share profit carried on by all or any of them acting for all.

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gad 3 varshon ke ausat shuddh Labh ka 2 varshon kekra ke Aadhar per khet ke mulya ki ganana kijiye 2008 mein Labh 15,000 2009 mein Labh 20,000 2010 mein Labh 28000 the

Posted by Vaibhavdev Bajpai 4 years, 8 months ago

UP Board > Class 12 > लेखाशास्त्र

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Sahil Yadav 4 years, 8 months ago

Ans

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sajhedari per sankshipt tippani

Posted by Badshah Alok 4 years, 10 months ago

UP Board > Class 12 > लेखाशास्त्र

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Lobhansh samanikaran kosh kyu banaya jata hai

Posted by Abhishek Bansal 4 years, 10 months ago

UP Board > Class 12 > लेखाशास्त्र

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एक कंपनी ने 11% पूर्वाधिकार अंश 10 रुपये अंकित मूल्य पर निर्गमित किये। उसका मूल्य क्या होगा यदि अपेक्षित प्रत्यय दर 14% है।

Posted by Mani Dwivedi 4 years, 10 months ago

UP Board > Class 12 > लेखाशास्त्र

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What is meant by ex interest and cum interest at the time of purchase and sale of investment

Posted by Sd. Series Videos 4 years, 11 months ago

UP Board > Class 12 > लेखाशास्त्र

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Yogita Ingle 4 years, 11 months ago

The Price of Interest Earning Securities in Stock / Share Market is Quoted by Two ways :
(i) Cum-Interest Price : Cum-Interest Price Quotation Denotes that the Accrued Interest from the Preceding Interest Due Date to the Date of Transaction is included in the Quoted CumInterest Price .
Example : Anand Purchased 8 % , 200 Government Securities of Rs 100 each at Rs 103 Cum-Interest Price on 1st June , 2016, the Interest on which is Payable on 1st April and 1st October every year. In this example, Cum-Interest Price of Rs 103 means that the Accrued Interest for Two Months from 1st April, 2016 to 1st June, 2016 is included in this Price. Anand (Purchaser) is to Pay 200 x Rs 103 = Rs 20,600 to Purchase 200, 8 % Government Securities . The Computed Cum-Interest Price Rs 20,600 represents Partly towards Cost of Security (Rs 20,333) and Partly for Two Months Accrued Interest thereon (Rs 267) . It should be remembered that the Interest for Full 6 Months will be Received by the Purchaser on the Next Due Date of Interest i.e. on 1st October, 2016 .
(ii) Ex-Interest Price : Ex-Interest Price indicates that the Accrued Interest from the Preceding Date of Interest Due to the Date of Transaction is Excluded (Not Included) in the Quoted ExInterest Price . In such a case, the Purchaser will have to Pay this much Amount of Accrued Interest in Addition to the Quoted Ex-Interest Price .

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Sawal 14

Posted by Kunal Mahor 5 years, 1 month ago

UP Board > Class 12 > लेखाशास्त्र

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Kunal Mahor 5 years, 1 month ago

Machine khate ka antim Shesh 625281.25

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Kunal Mahor 5 years, 1 month ago

Machine Bakre ki Hani 270000

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What is mean by compensate?

Posted by Suraj Raj 5 years, 2 months ago

UP Board > Class 12 > लेखाशास्त्र

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final account ka question 16

Posted by Ankit Prajapati 5 years, 2 months ago

UP Board > Class 12 > लेखाशास्त्र

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Sagar Dogra 4 years, 10 months ago

up board class 12 account in hindi on youtube #gurujicommercewale

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Compnay kya hai

Posted by Deepu Yadav 5 years, 3 months ago

UP Board > Class 12 > लेखाशास्त्र

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Pls tell me

Posted by Aman Siddiqui 5 years, 4 months ago

UP Board > Class 12 > लेखाशास्त्र

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पूँजीशोधन संचय खाता क्या है?

Posted by Abhishek Seth 4 years, 5 months ago

UP Board > Class 12 > लेखाशास्त्र

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Dheeraj Kumar 5 years, 5 months ago

In case of redemption of preference share capital , capital redemption reserve is created . This account is a type of capital profit which is not distributable as profits.

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Questions of partnership

Posted by Priyanshu Tiwari 5 years, 11 months ago

UP Board > Class 12 > लेखाशास्त्र