Q$.6,x,Y$ & $Z$ sharing profits & losses in the ratio of $2$:$2$:$1.$ agreed upon dissolution of their partinership on $31$ ist Dec. $1993$ on which dale their Balance Sheet was as under:

Investment were taken over by $x$ at ${?}^{\text{'}}6,000,$ Creditors of $\text{'}10,000$ were taken over by $Y$ who has agreed to settle account with them at $9,900.$ Remaining creditors were paid $7,500.$ Joint Life Policy was surrendered and fixed assets realized ${?}^{\text{'}}70,000.$ Stock and debtors realized $7,000$ and $9,000$ respectively. One customer, $($whose account was written off as bad, now paid $\text{'}800,$ which is not included in $9,000,$ mentioned above.$)$There was one unrecorded asset estimated at $\text{'}3000$ half of which was handed over to an unrecorded liability of $5000$ in settlement of claim of $2,500$ and the remaining half was sold in the market which realized ${?}^1,{300}^{\text{'}}$

$Y$ took over the responsibility of completing the dissolution and he is granted a salary of $\text{'}400$ per month and is to bear realization expenses. Actual realization expenses amounted to $1,100.$ Dissolution was completed and final payments were made on $30$th April $1994.$ You are required to prepare the Realization AVc, Capital A$/$c & Bank A$/$c$.$

$[$Ans$.$ Realization Profit $\text{'}26,100]$