A and B are partners in a firm sharing profits and losses in the ratio of ` 3: 2` . On 31st March
Channel: Doubtnut
Date: 29/03/2020

A and B are partners in a firm sharing profits and losses in the ratio of ` 3: 2` . On 31st March , 2019, their Balance Sheet was as follows : The firm was dissolved on 31st March , 2019 , and both the partners agreed to the following : (a) A took investments at an agreed value of ? 8,000 . He also agreed to settle Mrs. A\'s Loan. (b) Other assets realised as : Stock - ? 5,000 , Debtors - ? 18,500 , Furniture - ? 4, 500 , Plant - ? 25,000. (c) Expenses of realisation came to ? 1,600 . (d) Creditors agreed to accept ? 37,000 in full settlement of their claims . Prepare Realisation Account , Partner\'s Capital Accounts and Bank Account .