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A , B and C started business on 1st Apri...

A , B and C started business on 1st April ,2018 with capitals of ₹ 1,00,000 , ₹ 80,000 and ₹ 60,000 respectively sharing profits (losses) in the ratio of ` 4 : 3 :3` . For the year ended 31st March , 2019 , the firm suffered a loss of ₹ 50,000 . Each of the partners withdrew ₹ 10,000 during the year .
On 31st March , 2019 , the firm was dissolved , the creditors of the firm stood at ₹ 24,000 on that date and Cash in Hand was ₹ 4,000 . The assets realised ₹ 3,00,000 and Creditors were paid ₹ 23,500 in full settlement of their claims .
Prepare Realisation Account and show your working clearly :

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Gain(Profit) on Realisation - ₹ 1,20,500 , Capital as on 31st March , 2019 A- ₹ 70,000 , B - ₹ 55,000 , C-₹ 35,000 , Sundry Assets - ₹ 1,80,000.
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