Question 2 Vivo and Viva run a partnership business and share the profit or losses 3:2. Financial Position as at 30 June 20x8 Non current asset Motor vehicle Furniture RM RM Capital: Vivo 26,250 35,000 Viva 30,000 5,040 Current Account Current Asset Vivo 5250 Closing inventory 4620 Viva 4375 Trade Reveivable 5705 Bank 6440 Current liability Trade Payable 3430 Here's what has happened during the liquidation of the business a) The vehicle was taken over by Vivo at RM12,250. b) The amount of money collected from customers who are in debt is RM5,000. The balance is written off as bad debts. c) The other assets were sold for RM8,500. d) The balance of Accounts Payables is fully explained. e) The realization expenditure paid is RM1,650. f) All current account balances will be transfer to the capital account. Required: a) Realisation Accounts b) Partnership capital Accounts c) Bank Accounts