7.60 Double Entry Book Keeping- 40. Arnab, Ragini and Dhrupad are partners sharing profits in the ratio of 3:1:1. Last year, conflicts arose due to certain issues of disagreements and on 31st March, 2023, they decided to dissolve the firm. On that date their Balance Sheet was as under: Liabilities Creditors Arnab's Brother's Loan Dhrupad's Loan Investment Fluctuation Reserve Capital A/cs: Arnab BALANCE SHEET OF ARNAB, RAGINI AND DHRUPAD as at 31st March, 2023 Assets Ragini Dhrupad 2,75,000 2,00,000 1,70,000 60,000 Bank 95,000 Debtors 1,00,000 Less: Provision for Doubtful Debts 50,000 Stock 6,45,000 9,50,000 Investments Building Profit & Loss Account The assets were realised and the liabilities were paid as under: (i) Arnab agreed to pay his brother's loan. (ii) Investments realised 20% less. 1,70,000 20,000 50,000 1,50,000 1,50,000 2,50,000 3,00,000 50,000 9,50,000 (iii) Creditors were paid at 10% less. (iv) Building was auctioned for * 3,55,000. Commission on auction was * 5,000. (v