Question

Desh Prem and Azad carry
solved their firm as at 31
ccount Partners Capital Accounts and Bank Account
end carrying on business and sharing profits and losses in the ratio of 221,
at 31st March, 2019 on which date their Balance Sheet was as follows:
Assets
125.00
35.000
22,500
80,000
uwy Creditors
/vable
Dowloan
wral Reserve
41,500
20,000
40,000
50,000
40,000
Cash at Bank
Stock
Debtors
Less Provision for Doubtful Debts
Investments
Premises
50,000
2,500
ments Fluctuation Reserve
47.500
55,000
1,51,500
6.2001
Ostalos
75,000
75,000
15,000
get a credit of 10,000.
1,65,000
3,56,500
000.
3,56,500
00,000
(0) A bill for P5,000 re
ng 55,000
e liabilities
ts and Bank Account
in of their partnership
wing transactions took place at the time of dissolution:
il for 5,000 received from Mohan discounted from bank is not met on maturity. Mohan
oved Insolvent and a dividend of 50% was received from his estate.
The assets except Cash at Bank and Investments were sold to a company which pald 3,25,000
in cash. The Investments were sold and 56,500 were received,
Sundry Creditors (including Bills Payable) were paid 57,500 in full settlement.
(iv) Realisation Expenses amounted to 15,000.
Prepare Realisation Account, Partners' Capital Accounts and Bank Account​

Answer 1

Answer:

sorry I didn't know answer

Answer 2

Answer:

https://www.sarthaks.com/470636/carrying-business-merchants-sharing-profits-losses-ratio-dissolved-their-firm-31st-march

See the answer here