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Mary, Jane and Susan are in partnership sharing profits and losses in the ratio 2:2:1 respectively. The following was their balance sheet as at 31

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Mary, Jane and Susan are in partnership sharing profits and losses in the ratio 2:2:1 respectively. The following was their balance sheet as at 31 December 2018: On 31 December 2018 the partners decide to terminate the business. The following took place: A. You are required to prepare the following accounts to record the termination of the partnership: i. Realisation Account (7.5 marks) ii. Bank Account (5.5 marks) iii. Partners' Capital Account (7 marks) (Total 20 marks)

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