Hazeer and Hiyam are partners sharing profits in the ratio of 2:1 respectively on 31st December 2019 they 

 decided to dissolve the partnership. On that day, their balance sheet appeared as follows;

Balance sheet of Hazeer and Hiyam as at 31^st December 2019

Liabilities		Amount	Assets	Amount
		(OMR)		(OMR)
Creditors		5000 3,000	Vehicle	12,000
Reserve Capital			Debtors	7,500
Hazeer	22,000		Stock	2,500
Hiyam	28,000	50,000	Building	7,000
			Machinery Cash at Bank	3,000 26,000
Total		58,000	Total	58,000

1. Hazeer decided to take over Vehicle at OMR 10,500.
2. Hiyam took over Building at OMR 18,000.
3. Realized value of Machinery OMR 4,000 and stock OMR 3,000.
4. Debtors were settled at OMR 6000.
5. Hiyam agreed to pay all realization expense of OMR 400.
6. Creditors are paid 5% less than their book value.

You are required to Prepare;

1. Realization account (5 marks)
2. Partners Capital account ( 3 marks)
3. If a partner is allowed to make specified periodic drawings, are these drawings treated as a profit distribution? Explain.