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(Dissolution and Unrecorded Asset) X, ...

(Dissolution and Unrecorded Asset)
X, Y and Z who were sharing profits in the ratio of `3 : 2 : 1` decided to dissolve the firm on 31st March , 2019 when their Balance Sheet was as follows :

Following transactions took place at the time of dissolution :
Assets realised are : Tools ₹ 5,000 , Machinery ₹ 82, 000 , Car ₹ 25,000 , Goodwill ₹ 60,000 , Debtors ₹ 59,000 .
Creditors accepted Stock in settlement of their dues. There was an unrecorded asset valued at ₹ 3,000 , which was taken by X for ₹ 2,000 .
There was an old furniture which had been written off from the books . Y agreed to take it at ₹8,000 .
Firm had to pay ₹ 8,000 for outstanding salary which were not provided earlier .
Prepare Realisation Account , Partners' Capital Accounts and Cash Account .

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