Balance Sheet of P, Q and R as at 31st March, 2019, who were sharing profits in the ratio of 5 : 3 : 1, was:

LiabilitiesAmount (Rs.)AssetsAmount (Rs.)
Bills Payable40,000Cash at Bank40,000
Loan from Bank30,000Stock19,000
General Reserve9,000Sundry Debtors 42,000
Capital A/cs: Less: Provision for Doubtful Debts (2,000)40,000
P 44,000 Building40,000 
Q 36,000 Plant and Machinery40,000
R 20,0001,00,000
 1,79,000 1,79,000

The partners dissolved the business. Assets realised − Stock Rs. 23,400; Debtors 50%; Fixed Assets 10% less than their book value. Bills Payable were settled for Rs. 32,000. There was an Outstanding Bill of Electricity Rs. 800 which was paid off. Realisation expenses Rs. 1,250 were also paid.
Prepare Realisation Account, Partner’s Capital Accounts and Bank Account.


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