Cash 1,16,470 50.980 23,000 17,510 1.16,470 50,980 23,000 Cash Account Dr. Cr. Amount Particulars Rs Particulars 08: Surjit and Rahi were sharing profits (losses) in the ratio of 3:2, their Balance Sheet as on March 31, 2004 is as follows: 737 Balance Sheet of Surjit and Rahi as on March 31, 2004 Amount Amount Liabilities Creditors Mrs. Surjit loan Reserve Rahi's loan Capital's: Surjit Rahi Rs Assets 38,000 Bank 10.000 Stock 15,000 Debtors 5,000 Furniture Plant 10,000 Investment 8,000 Profit and Loss 86.000 Rs 11.500 6,000 19,000 4,000 28,000 10,000 7,500 86,000 The firm was dissolved on March 31, 2006 on the following terms: 1. Surjit agreed to take the investments at Rs 8,000 and to pay Mrs. Surjit's loan. 2. Other assets were realised as follows: Stock Debtors Furniture Plant Rs 5,000 Rs 18,500 Rs 4.500 Rs 25,000 3. Expenses on Realisation amounted to Rs 1,600. 4. Creditors agreed to accept Rs 37,000 as a final settlement. You are required to prepare Realisation Account, Partners' Capital Account and Bank Account