2. Anand, Chandu and Vijay are partners sharing profits and losses in the ratio of 2:2 1. Their Balance Sheet on 31. 3. 2018 was as follows: Balance Sheet as on 31. 3. 2018 15,000 5,000 Assets Cash in hand Cash at Bank 10.000 Debtors 8,000 Bills Receivable 22,000 Investment Machinery 20,000 20,000 Furniture 10,000 1,10,000 Liabilities Creditors Anand's loan Bills payable Bank loan Profit & Loss A/c Capitals: Anand Chandu Vijay 5,000 16,000 25.000 5,000 18,000 25,000 16,000 1,10,000 On the above date the firm dissolved. The following information is available:
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Given: The Balance Sheet of Disha , Diya and Deepa as on 31.3.2018 is given.
To prepare Realisation account, Partners capital accounts and Cash account.
Explanation:
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