Account / Piecemeal Dist.

of Cash

F.Y.B.Com.

Account / Piecemeal Dist. of Cash

PIECEMEAL DISTRIBUTION OF CASH

Particulars

STATEMENT OF SURPLUS CAPITAL

Lalu Manmohan
(Rs.)
(Rs.)
Adjusted Capital
70,000
35,000
Profit Sharing Ratio
3
2
Capital per unit of Profit Sharing Ratio
23,333
17,500
Base Capital (Being Smallest)
Proportionate Capital
21,000
14,000
Surplus Capital
49,000
21,000
Surplus Capital per unit of Profit Sharing Ratio
16,333
10,500
Revised Base Capital (Being Smallest)
10,500
Revised Proportionate Capital
31,500
21,000
Absolute Surplus
17,500
STATEMENT OF PIECEMEAL DISTRIBUTION OF CASH.
Particulars
Amount Creditors
Capital
Available
Lalu Manmohan
Amount due
1,05,000
70,000
35,000
1st Installment & Bank
52,500
(15,000+41,000-3,500)
Less: Paid to Creditors
52,500
52,500
Balance
NIL
52,500
70,000
35,000
2nd Installment
60,300
(63,000 - 2,700)
Less: Paid to Creditors
52,500
52,500
Balance
7,800
NIL
70,000
35,000
- Retained for Contingent
5,000
Liability
2800
Less: Paid to Lalu
2,800
2,800
Balance
NIL
67,200
35,000
3rd Instalment
74,550
(73,750-4,200 + 5,000
Contingent Liability)
Less: Paid to Lalu
14,700
14,700
(Absolute Surplus)
Balance
59,850
52,500
35,000
Less: Paid to Lalu &
Manmohan (Surplus Capital)
52,500
31,500
21,000
Balance
7,350
21,000
14,000
Less: Paid to Lalu, Sonia
& Manmohn in 3:2:1
7,350
3,675
2,450
Balance
NIL
17,325
11,550
4th Installment
15,750
(17,500 - 1,750)
Less: Paid to Lal, Sonia
& Manmohan in 3:2:1
15,750
7,875
5,250
Balance being
NIL
9,450
6,300
Realisation Loss

EX.1
Sonia
(Rs.)
7,000
1
7,000
7,000
7,000
-

7,000
7,000

7,000

7,000
7,000
1,225
5,775

2,625
3,150

EX.1(OR)

STATEMENT OF SURPLUS CAPITAL

Particulars

A
(Rs.)
12,000
3
4,000
9,000
3,000
1,000
1,000
3,000
-

Adjusted Capital
Profit Sharing Ratio
Capital per unit of Profit Sharing Ratio
Base Capital (Being Smallest)
Proportionate Capital
Surplus Capital
Surplus Capital per unit of Profit Sharing Ratio
Revised base capital (Being smallest)
Revised Proportionate Capital
Absolute Surplus Capital

Paticulars
Sonia
7,000

F.Y.B.Com.

Amount due
Cash Balance
+ 1st Installment

B
(Rs.)
11,000
2
5,500
6,000
5,000
2,500
2,000
3,000

C
(Rs.)
3,000
1
3,000
3,000
3,000
-

Statement of piecemeal distribution of Cash

Available Creditors
Partners
Partners
Cash
Loan
Capital
A
B
A
B
C
25,000 6,000 10,000 12,000 11,000 3,000
8,000
11,000
19,000

Less: Paid to
Creditors
Balance
2nd Instalment
(3,000 + 8,000 - 1,000)
- Paid toCreditors
Balance
Less: Paid to A &
Bs Loan in 3:5
Balance
3rd Installment
(5,000 + 12,000 - 1,000)
Less: Paid to A &
Bs Loan
Balance
Less: Paid to B
(Absolute Surplus)
Balance
Less: Paid to A & B
in 3:2
(Surplus Capital)
Balance
4th Installment
(2,000 + 10,600 - 2,000)
Less: Paid to A & B
in 3:2
(Surplus Capital)
Balance

19,000
NIL
10,000

19,000
6,000

6,000 10,000 12,000 11,000 3,000

6,000
4,000

6,000
NIL

6,000 10,000 12,000 11,000 3,000

4,000
NIL
16,000

1,500
4,500

2,500
7,500 12,000 11,000 3,000

12,000
4,000
3,000

4,500
NIL
-

7,500
NIL 12,000 11,000 3,000
- 3,000
-

1,000

- 12,000

1,000

NIL
10,600

- 11,400

7,600 3,000

4,000
6,600

- 2,400
- 9,000

1,600
6,000 3,000

600

8,000 3,000
400

Account / Piecemeal Dist. of Cash

Less: Paid to A,
B & C in 3:2:1
Balance
5th Installment
(3,000 + 1,000
- 400)
Less: Paid to A, B
& C in 3:2:1
Balance being
Relisation Loss

3
6,600
NIL
3,600

F.Y.B.Com.
-

- 3,300
- 5,700

2,200 1,100
3,800 1,900

3,600

- 1,800

1,200

600

NIL

- 3,900

2,600 1,300
EX.2

Statement of final Capital Balance

Ramchand Somchand Kemchand
(Rs.)
(Rs.)
(Rs.)
Capital A/c. Balance
39,800
27,600
24,600
Less : Profit & Loss A/c.
800
600
600
Final Capital Balance
39,000
27,000
24,000
Statement of Realisation & Distribution of Cash
Particulars
Available Realisation Sundry Partners
Cash Expenses Creditors
Capital
39,000
Cash in hand
5,000
2,000
3,000
1st Installment
35,000
500
34,500
(25,000 + 10,000)
2nd Installment
34,000
1,500
32,500
(20,000 + 14,000)
3rd Installment
18,000
600
17,400
(12,000 + 6,000)
Statement of picemeal distribution of cash by Maximum Loss Method
Particulars
Amount
Ramchand Somchand Kemchand
Balance due
90,000
39,000
27,000
24,000
Distribution of Rs.32,500
Maximum Loss (90,000 32,500 = 57,500)
Distributed in 4:3:3
57,500
23,000
17,250
17,250
Manner in which Rs.32,500
is distributed
16,000
9,750
6,750
Balance Due
57,500
23,000
17,250
17,250
Distribution of Rs.17,400
Maximum Loss (57,500 17,400 = 40,100)
Distributed in 4:3:3
40,100
16,040
12,030
12,030
Manner in which Rs.17,400
6,960
5,220
5,220
is distributed
Balance Being Realisation Loss
40,100
16,040
12,030
12,030

Account / Piecemeal Dist. of Cash

F.Y.B.Com.

EX.2(OR)
Particulars
Cash
1st Installment
2nd Installment
(2,52,000 - 20,000)
3rd Installment
4th Installment
5th Installment
(71,000 + 20,000)

Statement of Distribution of Cash

Available Realisation Creditors Partners
Cash Expenses
Capital
4,20,000
56,000
56,000
1,68,000
14,000 1,54,000
2,32,000
10,800 2,10,000
11,200
1,40,000
1,54,000
91,000

9,800
7,000
7,000

1,30,200
1,47,000
84,000

Particulars

STATEMENT OF PIECEMEAL DISTRIBUTION OF CASH

BY MAXIMUM LOSS METHOD
Particulars
Amount
Available Brahma
Balance Due
4,48,000 2,80,000
Distribution of Rs.11,200
Maximum Loss (4,48,000 - 11,200 =
4,36,800)distributed
in their Profit sharing ratio
4,36,800 2,18,400
61,600
Deficiency of Vishnu & Mahesh transfer to Brahma
-50,400
Manner in which Rs.11,200 is distributed
11,200
Balance Due
4,36,800 2,68,800
Distribution of Rs.1,30,200
Maximum Loss (4,36,800 - 1,30,200 =3,06,600)
distributed in 3:2:1
3,06,600 1,53,300
1,15,500
Deficiency of Mahesh
transfer to Brahma & Vishnu in the ratio of 2:1
-15,400
Manner in which Rs.1,30,200 is distributed
1,00,100
Balance Due
3,06,600 168,700
Distribution of Rs.1,47,000
Maximum Loss (3,06,600 - 1,47,000 = 1,59,600)
distributed in 3:2:1
1,59,600 79,800
Manner in which Rs.1,47,000 is distributed
88,900
Balance due
1,59,600 79,800
Distribution of Rs.84,000
Maximum Loss (1,59,600 - 84,000 = 75,600)
distributed in 3:2:1
75,600
37,800
Manner in which Rs.84,000 is distributed
42,000
Balance Being realisation loss
37,800

Capital
Vishnu Mahesh
1,40,000 28,000

1,45,600 72,800
-5,600 -44,800
5,600 44,800
1,40,000 28,000
1,02,200
37,800

51,100
-23,100

-7,700
30,100
1,09,000

23,100
28,000

53,200
56,700
53,200

26,600
1,400
26,600

25,200
28,000
25,200

12,600
14,000
12,600