before dissolution but after correction of error committed while drawing up the accounts for 2005. 168 Illustration 5 Thin, 'Short' and 'Fat' were in partnership sharing profits and losses in the ratio of 2:2:1 On 30th September, 2005 their Balance Sheet was as follows: Liabilities Rs. Assets Rs. Capital Accounts: Premises 50,000 Thin 80,000 Fixtures 1,25,000 Short 50,000 Plant 32,500 Fat 20,000 1,50,000 Stock 43,200 Current Accounts: Debtors 54,780 Thin 29,700 Short 11,300 Fat(Dr.) 14,500 26,500 Sundry Creditors 84,650 Bank Overdraft 44.330 3,05,480 3.05,480 'Thin' decides to retire on 30th September, 2005 and as 'Fat appears to be short of private assets, 'Short' decides that he does not wish to take over Thin's share of partnership, so all three partners decide to dissolve the partnership with effect from 30th September, 2005. It then transpires that 'Fat' has no private assets whatsoever, The premises are sold for Rs. 60,000 and the plant for Rs. 1,07,500. The fixtures realise Rs. 20,000 and the stock is acquired by another firm at book value less 5%. Debtors realise Rs. 45,900. Realisation expenses amount to Rs. 4,500. The bank overdraft is discharged and the creditors are also paid in full. You are required to write up the following ledger accounts in the partnership books following the rules in Garner vs. Murray (1) Realisation Account ; (ii) Partners' Current Accounts: (iii) Partners' Capital Accounts showing the closing of the firm's books