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A , B and C were in partnership sharing...

A , B and C were in partnership sharing profits and losses in the ratio of ` 2 : 2 : 1` . They decided to dissolve the partnership . On that date of dissolution . Sundry Assets (including cash ₹ 5,000) amounted to ₹ 88,000 , assets realised ₹ 80,000 (including an unrecorded asset which realised ₹ 4,000) . A contingent liability on account of bills discounted ₹ 8,000 was paid by the firm. The Capital Accounts of A , B and C showed a balance of ₹ 20,000 each.
Prepare Realisation Account , Partner's Capital Accounts and Cash Account .

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Recorded Liabilities - ₹ 28,000 , Loss on Realisation - ₹ 11,000).
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