(Balance Sheet as at the Date of Dissolution not Given )
A and B , who were partners sharing profits and losses in the proportion of 4/7 and 3/7 respectively , decided to dissolve the partnership firm as at 31st March 2019 . At the date of the dissolution A's Capital was ₹ 1,25,030 and B's Capital was ₹ 2,070 . Creditors amounted to ₹ 23,150 and Cash ₹ 4,520 . Remaining assets realised ₹ 1, 24 , 910 and the expenses of dissolution were ₹ 1,860 . Both A and B were solvent .
Prepare Balance Sheet of the firm as at the date of dissolution and also necessary accounts to close the books of the firm , showing final adjustment of cash between the partners.

Explanation