Nitin, Pravin and Sachin were partners sharing profits and losses in the ratio of 5:3:2 respectively and had the following Balance Sheet. Balance Sheet as on 31st March 2019 Liabilities Amt Assets Capital A/c: Sundry Assets Nitin 40,000 Cash Pravin 47,000 Sachin 15,000 Current A/c: Current A/c: Nitin 4,000 Sachin Pravin 4,000 Bills Payable 8,000 Creditors 42,000 TOTAL 1,60,000 TOTAL They decided to dissolve the partnership firm on the above date on the following terms: 1. Sundry assets realised 70% of their book value. 2. Unrecorded outstanding expenses Rs. 7,000 were paid. Realisation expenses paid were Rs. 4,000 3. 4. Prepare: Sundry Creditors and Bills Payable were repaid Rs. 42,000 in all. Sachin became insolvent and only Rs. 4,000 was recovered from his private estate. a) Realisation Account b) Partner's Capital Account Partner's Current Account c) d) Bank Account. Amt 1,30,000 16,000 14,000 1,60,000​

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