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 .

X and Y were partners sharing profits and losses in the ratio of 3 : 2 . They decided to dissolve the firm on 31st March , 2019 . On that date , their Capitals were X - ₹ 40,000 and Y - ₹ 30,000 . Creditors amounted to ₹ 24,000 . Assets were realised for ₹ 88,500 . Creditors of ₹ 16,000 were taken over by X at ₹ 14,000 . Remaining Creditors were paid at ₹ 7,500 . The cost of realisation came to ₹ 500 . Prepare necessary accounts .

A , B and C were partners sharing profits in the ratio of 5 : 3 : 2 . On 31st March , 2019 , A's Capital and B's Capital were ₹ 30,000 and ₹ 20,000 respectively but C owed ₹ 5,000 to the firm . The liabilities were ₹ 20,000 . The assets of the firm realised ₹ 50,000 . Prepare Realisation Account , Partner's Capital Accounts and Bank Account.

A , B and C are in partnership sharing profits and losses in the proportions of 1/2 , 1/3 and 1/6 respectively . On 31st March , 2019, they decide to dissolve the partnership and the position of the firm on this date is represented by the following Balance Sheet : During the course of realisation , a liability under a suit for damage is settled at ₹ 20,000 as against ₹ 5,000 only provided for in the books of the firm . Land and Building were sold for ₹ 40,000 and the Stock and Sundry Debtors realised ₹ 30,000 and ₹ 42 ,000 respectively. The expenses of realisation amounted to ₹ 1,200. There was a car in the firm , which was completely written off from the books. It was taken by A for ₹ 20,000 . He also agreed to pay Outstanding Salary of ₹ 20,000 not provided in books. Prepare Realisation Account , Partner's Capital Accounts and Bank Account in the books of the firm.

P , Q and R were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2 . They agreed to dissolve their partnership firm on 31st March , 2019 . P was deputed to realise the assets and pay the liabilities . He was paid ₹ 1,000 as commission for his services . The financial position of the firm was : P took over investments for ₹ 12,500. Stock and Debtors realised ₹ 11, 500 . Plant and Machinery were sold to Q for ₹ 22,500 for cash . Unrecorded assets realised ₹ 1,500 . Realisation expenses paid amounted to ₹ 900. Prepare necessary Ledger Accounts to close the books of the firm .

A and B were partners sharing profits and losses as to 7/11 to A and 4/11 to B . They dissolved the partnership on 30th May , 2018 . As on the date their capitals were, A ₹ 7,000 and B ₹ 4,000 . There were also due on Loan A/c to A ₹ 4,500 and to B ₹ 750 . The other liabilities amounted to ₹ 5,000 . The assets proved to have been undervalued in the last Balance Sheet and actually realised ₹ 24,000 . Prepare necessary accounts showing the final settlement between partners.

X , Y and Z entered into a partnership and contributed ₹ 9,000 , ₹ 6,000 and ₹ 3,000 respectively . They agreed to share profits and losses equally . The business lost heavily during the very first year and they decided to dissolve the firm . After realising all assets and paying off liabilities , there remained a cash balance of ₹ 6,000 . Prepare Realisation Account and Partner's Capital Accounts .

X and Y , who were sharing profits and losses in the ratio of 3 : 1 respectively , decided to dissolve the firm on 31st March , 2019 at which date some of the balances were : X's Capital -₹ 1,00,000 , Y's Capital - ₹ 10 ,000 (Debit Balance) , Profit and Loss A/c - ₹ 8,000 (Debit Balance) , Trade Creditors - ₹ 30,000 , Loan from Mrs .X - ₹ 10,000 , Cash at Bank - ₹ 2,000 . Assets (other than cash at bank) realised ₹ 1,10,000 and liabilities were paid at 5 % discount . Realisation expenses amounted to ₹ 1,000. Prepare Realisation Account , Capital Accounts of the Partners and Bank Account assuming that both the partners are solvent .