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Ashok and Kishore were in partnership sh...

Ashok and Kishore were in partnership sharing profits in the ratio of ` 3 : 1` . They agreed to dissolve the firm . The assets (other than cash of ₹ 2,000) of the firm realised ₹ 1,00,000 . The liabilities and other particulars on that date were :
`{:("Creditors" ,,, "₹" 40","000) , ( "Ashok's Capital" ,,, "₹" 1","00","000), ("Kishore's Capital",,, "₹" 10","000 ("Dr. Balance")), ("Profit and Loss A/c" ,,, "₹" 8","000 ("Dr. Balance")), ("Realisation Expenses",,, "₹" 1","000):}`
You are required to close the books of the firm .

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Loss on Realisation - ₹ 11,000 , Amount paid to Ashok - ₹ 85, 750 , Amount received from Kishore - ₹ 14, 750 .
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