Aadish and Shreyansh were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : 2. On 31st March, $\displaystyle 2022$ their Balance Sheet was as follows : Balance Sheet of Aadish and Shreyansh as at 31st March, $\displaystyle 2022$ Amount Amount Liabilities Assets < < Creditors $\displaystyle 90,000$ Cash at Bank $\displaystyle 20,000$ Mrs. Aadish's Loan $\displaystyle 30,000$ Stock $\displaystyle 24,000$ Shreyansh Loan 's $\displaystyle 30,000$ Investments $\displaystyle 30,000$ General Reserve $\displaystyle 45,000$ Debtors $\displaystyle 20,000$ Less : Provision for Capitals : Doubtful Debts, $\displaystyle 2,000$ $\displaystyle 18,000$ Aadish $\displaystyle 1,00,000$ Plant $\displaystyle 1,00,000$ Shreyansh $\displaystyle 97,000$ $\displaystyle 1,97,000$ Advertisement Suspense account $\displaystyle 2,00,000$ $\displaystyle 3,92,000$ $\displaystyle 3,92,000$ The firm was dissolved on 31st March, $\displaystyle 2022$ on the following terms : (i) Debtors realised ₹ $\displaystyle 17,000$ and plant realised $\displaystyle 10$% more than the book value. (ii) Aadish pr omised to pay Mrs. Aadish's loan and took away stock at ₹ $\displaystyle 20$,000. (iii) Shreyansh took away half of the investments at a discount of $\displaystyle 10$%. Remaining investments realised ₹ $\displaystyle 4$,500. (iv) Creditors were paid off at a discount of $\displaystyle 10$%. (v) Expenses of realisation amounted to ₹ $\displaystyle 7$,000. Prepare Realisation Account.

Books of Aadish and Shreyansh Dr. Realisation A/c Cr. Particulars (₹) Particulars (₹) To Sundry Assets: By Sundry Liabilities: Stock $\displaystyle 24,000$ Creditors $\displaystyle 90,000$ Investment $\displaystyle 30,000$ Mrs. Aadish’s Loan $\displaystyle 30,000$ Debtors $\displaystyle 20,000$ Provision for Doubtful $\displaystyle 2,000$ $\displaystyle 1,22,000$ Plant $\displaystyle 1,00,000$ $\displaystyle 1,74,000$ Debts ½ By Cash A/c / Bank A/c: Debtors $\displaystyle 17,000$ To Aadish’s Capital A/c $\displaystyle 30,000$ Plant $\displaystyle 1,10,000$ (Mrs. Aadish’s loan) $\displaystyle 1,31,500$ Investment $\displaystyle 4,500$ $\displaystyle 1$ $\displaystyle 1$ To Cash A/c/ Bank A/c: Creditors $\displaystyle 81,000$ Realisation Expenses $\displaystyle 7,000$ By Aadish’s Capital A/c $\displaystyle 88,000$ $\displaystyle 20,000$ (Stock) $\displaystyle 1$ By Shreyansh’s Capital A/c $\displaystyle 13,5001$ (Investment) By loss transferred to Partners’ Capital A/c : Aadish $\displaystyle 3,000$ Shreyansh $\displaystyle 2,000$ $\displaystyle 5,000$ ½ $\displaystyle 2,92,000$ $\displaystyle 2,92,000$