Doubts

SOLUTION Private debts of that partner.

SOLUTION Realisation A/c                           Dr. To Cash / Bank A/c

SOLUTION Realisation A/c                           Dr. To Partner’s Capital A/c

SOLUTION In the Partner’s Capital Accounts in their profit-sharing ratio.

SOLUTION On the Credit side of Realisation Account.

SOLUTION On the Debit side of Cash Account.

SOLUTION On the Debit side of Realisation Account.

SOLUTION A ‘Realisation Account ’is opened on dissolution of a partnership firm to find out the profit or loss on realization of assets and payment of liabilities.

SOLUTION Partner's Capital.