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Q. A, B, & C are partners, sharing profit in equal ratio there balance sheet as on 31-03-2006----

Liabilities:- Bank OD A/c (secured against stock) 75000 Loan A/c (Secured against machinery) 125000 Creditors 100000 Capital A 100000 B 50000 C 15000 Total 465000

Assets:- Cash 10000 Stock 125000 Debtor 85000 Machinery 200000 P/L A/c 45000 Total 465000 The firm dissolved on that date

Adjustment:- 1 Stock was taken by the banker and it realised Rs. 100000 and bank paid back Ts.20000 after recovering its overdraft & interest due theron. Prepare Realisation Account, cash account, capital account

2 C is insolvent & give only Rs. 500

Prepair Realisation Account Cash Account Capital Account

please solve its very urgent yaar..

thanks

Hem