Question

16. Rekha and Chetana are sharing profits as 3:1 and they agree upon<br />dissolution. The balance sheet as on 31-03-2018 was as under<br />Liabilities<br />Amount<br />Assets<br />Amount<br />Loan<br />2,400<br />Cash at bank 5,000<br />Creditors<br />3,600<br />Stock<br />9,000<br />Capital<br />Furniture<br />3,200<br />Rekha<br />22,000<br />Debtors<br />14,000<br />Chetana<br />13,600<br />Plant and<br />10,400<br />machinery<br />41,600<br />41,600<br />Additional Information:<br />a) Rekha took over plant and machinery at an agreed value of Rs. 12,000<br />b) Stock and furniture sold for Rs.8,400 and Rs. 2,780 respectively.<br />c) Debtors were took over by Chetana at Rs.13,000.<br />d) Liabilities were paid in full by the firm.<br />e) Realisation expenses were Rs.320.<br />Prepare:<br />i)<br />Realisation account.<br />Partners capital account.<br />Balance sheet of the firm,​

Answer 1

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may u can please send a pic of this

Answer 2

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send a pic of this pl then we can understand