Following is the Balance Sheet of A,B,C and D who were sharing in the ratio of 3: 3: 2: 2 as at 31st March, 2020, when they decided to dissolve the firm:

Liabilities: Trade Creditors=83,000; A's Loan=18,500; C's Loan=12,500; A's Capital=60,000; B's Capital=44,00; General Reserve =20,000

Assets: Cash at Bank=21,000; Other Assets=1,42,000; B's Drawings=4,000; D's=Capital 13,000; C's=Capital 48,000; Profit & Loss A/c=10,000

After preparing the Balance Sheet as at 31st March, it was discovered that purchases amounting to 10,000 in March, were not recorded in books, though the goods were received during March. Other Assets realized 68,000.B was appointed to realise the assets and to pay off the liabilities. He was entitled to receive 5% commission on the amount finally paid to other partners as capital. He was to bear 15% of realisation expenses. Expenses of realisation amounted to 10,000. Calculate the commission paid to B if Rule of Garner vs Murray is to be applied and the private position of the partners was as follows:

Particulars A B C D

Private Estate 1,00,000 2,00,000 3,00,000 4,00,000

Private Liabilities 75,000 1,75,000 2,97,500 3,70,000

Required: Prepare Realisation A/c, Partners' Capital A/cs and Bank A/c.

(b) Following is the Balance Sheet of A,B,C and D who were sharing in the ratio of 3: 3: 2: 2 as at 31st March, 2020, when they decided to dissolve the firm: Liabilities Assets Trade Creditors 83,000 Cash at Bank 21,000 A's Loan 18,500 Other Assets 1,42,000 C's Loan 12,500 B's Drawings 4,000 A's Capital 60,000 C's Capital 48,000 B's Capital 44,000 D's Capital 13,000 General Reserve 20,000 Profit & Loss A/c 10,000 2,38,000 2,38,000 After preparing the Balance Sheet as at 31st March, it was discovered that purchases amounting to 10,000 in March, were not recorded in books, though the goods were received during March. Other Assets realized 368,000.B was appointed to realise the assets and to pay off the liabilities. He was entitled to receive 5% commission on the amount finally paid to other partners as capital. He was to bear 15% of realisation expenses. Expenses of realisation amounted to 10,000. Calculate the commission paid to B if Rule of Garner vs Murray is to be applied and the private position of the partners was as follows: Particulars A B D Private Estate () 1,00,000 2,00,000 3,00,000 4,00,000 Private Liabilities(E) 75,000 1,75,000 2,97,500 3,70,000 Required: Prepare Realisation A/c, Partners' Capital A/cs and Bank A/c. [4+6+3.33=13.33 Marks]