A , B and C are partners sharing profits in the ratio of ` 5 : 3 : 2` . Their Balance Sheet as at 31st March 2019 , the date on which they dissolve the firm , was as follows :

Following transactions took place at the time of dissolution :
(i) Realisation expenses were to be borne by A for which he is to get a credit of ₹ 10,000 . Actual realisation expenses paid out of firm's Bank Account amounted to ₹ 12 , 000 .
(ii) B took stock for ₹ 55,000 and C took over Building for ₹ 4,00,000 .
(iii) Other assets realised : Debtors ₹ 48,000 , Furniture ₹17,000 and Machinery ₹ 80,000 .
(iv) Trade Creditors were settled in full by paying from ₹ 65,000 .
Prepare Realisation Account , Partner's Current Accounts , Capital Accounts and Bank Account.

Explanation

Working Notes :
1. Realisation expenses paid out of firm's Bank Account are debited to A's Current Account being payable by A .
Agreed realisation expenses will be credited to A's Capital Account and debited to Realisation Account .
2. When Alternative Approach is followed , all adjustments relating to reserves , accumulated profits/losses are adjusted through Partner's Current Accounts . In that case , agreed amount of realisation expenses payable to A will be credited to his Current Account and debited to Realisation Account .
3. Realised value of patents is not given . Hence , it is taken to be nil.