Shilpa, Meena and Nanda decided to dissolve their partnership on March 31,2017. Their profit sharing ratio was 3:2:1 and their Balance Sheet was as under:
The stock of value of Rs. 41,660 are taken over by Shilpa for Rs. 35,000 and she agreed to discharge bank loan. The remaining stock was sold at Rs. 14,000 and debtors amounting to Rs. 10,000 realised Rs. 8,000. land is sold for Rs. 1,10,000. The remaining debtors realised 50% at their book value. Cost of realisation amounted to Rs. 1,200. There was a typewriter not recorded in the books worth Rs. 6,000 which were taken over by one of the Creditors at this value. Prepare Realisation Account.

Shilpa , Meena and Nanda decided to dissolve their partnership on 31st March , 2019 . Their profit-sharing ratio was 3 : 2 : 1 and their Balance Sheet was as under : It is agreed as follows : The stock of value of ₹ 41, 660 are taken over by Shilpa for ₹ 35,000 and she agreed to discharge bank loan . The remaining stock was sold at ₹ 14,000 and debtors amounting to ₹ 10,000 realised ₹ 8,000 . Land is sold for ₹ 1,10,000 . The remaining debtors realised 50% at their book value . Cost of realisation amounted to ₹ 1,200 . There was a typewriter not recorded in the books worth of ₹ 6,000 which were taken over by one of the Creditors at this value . Prepare Realisation Account , Partner's Capital Accounts and Cash Account to Close the books of the firm .

Minakshi purchased a Car for Rs. 1,50,000 and sold it for Rs. 2,10,000. What is the percent profit she made on the Car ?

Ramesh and Umesh were partners in a firm sharing profits in the ratio of their capitals . On 31st March , 2013 , their Balance Sheet was as follows : On the above date the firm was dissolved . (a) Ramesh took over 50% of stock at ₹ 10,000 less than book value . The remaining stock was sold at a loss of ₹ 15,000 . Debtors were realised at a discount of 5% . (b) Furniture was taken over by Umesh for ₹ 50,000 and machinery was sold for ₹ 4,50,000. (c) Creditors were paid in full. (d) There was an unrecorded bill for repairs for ₹ 1, 60 ,000 which was settled at ₹ 1, 40,000 . Prepare Realisation Account .

From the following balances of M/s Nilu Sarees as on March 31, 2017. Prepare trading and profit and loss account and balance sheet as on date. Closing stock as on March 31,2017 Rs. 22,000

Following is the Balance Sheet of Ashwani and Bharat on March 31, 2017. The firm was dissolved on that date. The following was agreed transactions took place. (i) Aswhani promised to pay Mrs. Ashwani’s loan and took away stock for Rs.8,000. (ii) Bharat took away half of the investment at 10% less. Debtors realised for Rs.38,000. Creditor’s were paid at less of Rs.380. Buildings realised for Rs.1,30,000, Goodwill Rs.12,000 and the remaining Investment were sold at Rs.9,000. An old typewriter not recorded in the books was taken over by Bharat for Rs. 600. Realisation expenses amounted to Rs. 2,000. Prepare Realisation Account, Partner’s Capital Account and Bank Account.