elearning acueducom Faisal Said Saif Athadhtami The balance sheet of Mr. Ahmed and Mr. Bashir who shared profits and losses in the ratio of 32 is as follows on December 31, 2020- Balance Sheet of Me. Ahammed and Mr. Bashir as on March 31, 2020 Liabilities Amount Assets Amount (OMR) (OMR) 40,500 Mr. Ahmed Capital 32,500 Cash and Bank 7,500 Mr. Bashir Capital 11,500 Other stock Sundry creditors 21500 21000 48,000 Sundry debtors Less: Provision for doubtful debts 500 13,500 Reserve fund 36,500 Fixed assets 105,500 105,500 1 The firm was dissolved on December 31, 2020. Close the books of the firm with the following information: Debtors realized at a discount of 5%, Stock realized at OMR 7,000, Fixed assets realized at OMR 42,000, IV. Realization expenses of OMR 1,500, IL HIL V Creditors are paid in full a. How much amount will be the balance of realization account? UTASA Learning Casete bace of remont 6. How much mounted on How much time to account