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Balance Sheet of P , Q and R as at 31st ...

Balance Sheet of P , Q and R as at 31st March , 2019 , who were sharing profits in the ratio of `5 : 3 : 1` , was :

The partners dissolved the business . Assets realised - Stock ₹ 23, 400 , Debtors 50% , Fixed Assets 10% less than their book value . Bills Payable were settled for ₹ 32, 000 . There was an Outstanding Bill of Electricity ₹ 800 which was paid off . Realisation expenses ₹ 1,250 were also paid.
Prepare Realisation Account, Partner's Capital Accounts and Bank Account .

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Loss on Realisation - ₹ 16,650 , Amount Payable to P- ₹ 39,750 , Q - ₹33,450 , R - ₹19,150 , Total of Bank Account - ₹ 1,56, 400.
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TS GREWAL-DISSOLUTION OF A PARTNERSHIP FIRM-Realisation Account , Partner s Capital Accounts and Bank/Cash Account
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  2. Shilpa , Meena and Nanda decided to dissolve their partnership on 31st...

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