Ganesh and Mahesh are partners sharing profits and losses 3:2. They dissolved the Partnership firm on 31st March, 2009 when their position was as follows. Prepare Realization A/c and Partners Capital A/c and Cash A/c.

Here are the Realization Account, Partners' Capital Accounts, and Cash Account for both questions. --- Q.1. Ganesh and Mahesh Realization Account |l|r|l|r| Particulars & Amount (Rs.) & Particulars & Amount (Rs.) \\ To Debtors & 22,500 & By Creditors & 5,000 \\ To Stock & 45,000 & By Bank Overdraft & 4,000 \\ To Furniture & 10,000 & By R.D.D. & 2,500 \\ To Motor Car & 15,000 & By Cash A/c (Assets realized): & \\ To Cash A/c (Liabilities paid): & & Debtors & 18,000 \\ Creditors & 4,500 & Stock & 40,000 \\ Bank Overdraft & 4,000 & By Ganesh's Capital A/c (Motor Car) & 14,000 \\ To Cash A/c (Expenses) & 1,500 & By Mahesh's Capital A/c (Furniture) & 12,000 \\ To Partners' Capital A/c (Loss): & & By Loss transferred to: & \\ Ganesh (3/5) & 4,200 & Ganesh & \\ Mahesh (2/5) & 2,800 & Mahesh & \\ Total & 109,500 & Total & 109,500 \\ Partners' Capital Accounts |l|r|r|l|r|r| Particulars & Ganesh (Rs.) & Mahesh (Rs.) & Particulars & Ganesh (Rs.) & Mahesh (Rs.) \\ To Realization A/c (Motor Car) & 14,000 & - & By Balance b/d & 46,000 & 30,000 \\ To Realization A/c (Furniture) & - & 12,000 & By Reserve Fund: & & \\ To Realization A/c (Loss) & 4,200 & 2,800 & Ganesh (3/5) & 3,600 & - \\ To Cash A/c (Final Payment) & 31,400 & 17,600 & Mahesh (2/5) & - & 2,400 \\ Total & 49,600 & 32,400 & Total & 49,600 & 32,400 \\ Cash Account |l|r|l|r| Particulars & Amount (Rs.) & Particulars & Amount (Rs.) \\ To Balance b/d & 1,000 & To Realization A/c (Creditors) & 4,500 \\ To Realization A/c (Assets realized) & 58,000 & To Realization A/c (Bank Overdraft) & 4,000 \\ & & To Realization A/c (Expenses) & 1,500 \\ & & To Ganesh's Capital A/c & 31,400 \\ & & To Mahesh's Capital A/c & 17,600 \\ Total & 59,000 & Total & 59,000 \\ The final payments are: Ganesh: Rs. 31,400, Mahesh: Rs. 17,600. --- Q.2. Ram and Ramesh Realization Account |l|r|l|r| Particulars & Amount (Rs.) & Particulars & Amount (Rs.) \\ To Debtors & 12,000 & By Creditors & 8,000 \\ To Stock & 14,000 & By Cash A/c (Assets realized): & \\ To Machinery & 10,000 & Stock & 16,000 \\ To Bills Receivable & 9,000 & Machinery & 12,000 \\ To Copy rights & 11,000 & Debtors & 18,000 \\ To Cash A/c (Creditors paid) & 7,200 & By Ram's Capital A/c (Bills Receivable) & 9,000 \\ To Cash A/c (Expenses) & 700 & By Loss transferred to: & \\ To Partners' Capital A/c (Loss): & & Ram (2/5) & 360 \\ Ram (2/5) & & Ramesh (3/5) & 540 \\ Ramesh (3/5) & & & \\ Total & 63,900 & Total & 63,900 \\ Partners' Capital Accounts |l|r|r|l|r|r| Particulars & Ram (Rs.) & Ramesh (Rs.) & Particulars & Ram (Rs.) & Ramesh (Rs.) \\ To Realization A/c (Bills Receivable) & 9,000 & - & By Balance b/d & 16,000 & 16,000 \\ To Realization A/c (Loss) & 360 & 540 & By Reserve Fund: & & \\ To Cash A/c (Final Payment) & 12,640 & 24,460 & Ram (2/5) & 6,000 & - \\ & & & Ramesh (3/5) & - & 9,000 \\ Total & 22,000 & 25,000 & Total & 22,000 & 25,000 \\ Cash Account |l|r|l|r| Particulars & Amount (Rs.) & Particulars & Amount (Rs.) \\ To Balance b/d & 4,000 & To Realization A/c (Creditors) & 7,200 \\ To Realization A/c (Assets realized) & 46,000 & To Realization A/c (Expenses) & 700 \\ & & To Ram's Loan A/c & 5,000 \\ & & To Ram's Capital A/c & 12,640 \\ & & To Ramesh's Capital A/c & 24,460 \\ Total & 50,000 & Total & 50,000 \\ The final payments are: Ram: Rs. 12,640, Ramesh: Rs. 24,460. Drop the next question! 📸