Particulars Rita Geeta Ashish Particulars Realisation (Loss) 57.985 38.657 38.657 19,328 Balance b/d Bank 39.885 18,010 14.005 General Reserve Realisation Rita Geeta 80,000 50,000 10,000 6,667 7,870 Ashish 30,000 3.333 97.87056667 33333 9787056,667 33,333 Cash Account Dr. Cr. Particulars Amount Q10: Anup and Sumit are equal partners in a firm. They decided to dissolve the partnership on December 31, 2006. When the balance sheet is as under: Balance Sheet of Anup and Sumit as on December 31, 2006 Amount Amount Liabilities Sundry Creditors Reserve fund Loan Rs Assets 27,000 Cash at bank 10,000 Sundry Debtors 40,000 Plants Stock 60,000 Leasehold land 60,000 1,20,000 Furniture Rs 11,000 12.000 47.000 42.000 60,000 25,000 Capital Anup Sumit n39 1,97,000 1,97,000 The Assets were realised as follows: Lease hold land Furniture Stock Plant Sundry Debtors Rs 72.000 22.500 40,500 48,000 10,500 The Creditors were paid Rs 25,500 in full settlement. Expenses of Realisation amount to Rs 2.500. Prepare Realisation Account, Bank Account, Partners Capital Accounts to close the books of the firm