Pradeep and Rajesh were partners in a firm sharing profits and losses in the ratio of ` 3 : 2` . They decided to dissolve their partnership firm on 31st March 2018 . Pradeep was deputed to realise the assets and to pay off the liabilities . He was paid ₹ 1,000 as commission for his services . The financial position of the firm on 31st March , 2018 was as follows :

Following terms and conditions were agreed upon :
(a) Pradeep agreed to pay off his wife loan .
(b) Half of the debtors realised ₹ 12, 000 and remaining debtors were used to pay off 25% of the creditors.
(c) Investment sold to Rajesh for ₹ 27,000 .
(d) Building realised ₹ 1, 52, 000 .
(e) Remaining creditors were to be paid after two months , they were paid immediately at 10% p.a discount .
(f) Bills receivables were settled at a loss of ₹ 1,400 .
(g) Realisation expenses amounted to ₹ 2,500.
Prepare Realisation Account .

Explanation

Realisation Gain - ₹ 30, 500 , Payment to Creditors - ₹ 59,000.