54. X Y and Z entered into partnersh *20.000 respectively and agreed to sha Final payments:- 2,00 12,200. entered into partnership on 1st April 2016. They contributed capital 40,000, < 30,000 and respectively and agreed to share profits in the ratio of 3:2:1. Interest on capital was to be allowed @ 15%pa and interes pa and interest on drawings was to be charged at an average rate of 5%. During the two years ender march, 2018, the firm made profit of 7 21.600 and 25,140 respectively before allowing or chargine on capital and drawings. The drawings of each partner were 6,000 per year. March, 2018. the partners decided to dissolve the partnership due to difference of opinion. On the creditors amounted to 20,000. The assets, other than cash 2,000, realised 1,21,000.Expenses interest on capital and drawings. The drawing On 31st March, 2018, the partners date, the creditors amounted to 20 of dissolution amounted to 760. Draw up necessary Ledger Accounts ecessary Ledger Accounts to close the books of the firm. cronitale nn 21st March 2018:X_750,530;Y_333,580;Z_7 16,630: Assets on