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1. The assets realised as under : Investments Rs.20,400; Bills Receivable and Debtors Rs.28,200; Stock Rs.14,550; Furniture Rs.2,050; Machinery Rs.8,600. Building Rs.26,400. 2. All the
1. The assets realised as under :
Investments Rs.20,400; Bills Receivable and Debtors Rs.28,200; Stock Rs.14,550; Furniture Rs.2,050; Machinery Rs.8,600. Building Rs.26,400.
2. All the liabilities were paid off.
3. The cost of realisation was Rs.600.
4. Ghanshyam had become bankrupt and Rs.1,024 only recovered from his estate once and for all.
5. Partners were finally paid off.
Required :
(i) Realisation Account.
(ii) The Bank Account.
(iii) Partner's Capital Accounts :
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