|Cash in Hand and at Bank||750|
The balance of A’s Loan Account to the firm stood at Rs. 10,000. The realisation expenses amounted to Rs. 350. Stock realised Rs. 20,000 and Debtors Rs. 25,000. B took a machine at the agreed valuation of Rs. 7,500. Other fixed assets realised Rs. 20,000.
You are required to close the books of the firm.