A , B and C were equal partners . On 31st March , 2019, their Balance Sheet stood as :
Channel: Doubtnut
Date: 2020-03-29

A , B and C were equal partners . On 31st March , 2019, their Balance Sheet stood as : The firm was dissolved on the above date on the following terms : (a) For the purpose of dissolution ,Investments were valued at ? 18,000 and A took over the Investments at this value . (b) Fixed Assets realised ? 29,700 whereas Stock and Debtors realised ? 80,000. (c) Expenses of realisation amounted to ? 1,300. (d) Creditors allowed a discount of ? 800. (e) One Bill Receivable for ?1,500 under discount was dishonoured as the acceptor had become insolvent and was unable to pay anything and hence the bill had to be met by the firm . Prepare Realisation Account , Partner\'s Capital Accounts and Cash Account showing how the accounts would finally by settled among the partners .