Archana, Vandana and Arti were partners in a firm sharing profits and losses in the ratio of $\displaystyle 5$ : $\displaystyle 3$ : 2. Their Balance Sheet on 31st March, $\displaystyle 2023$ was as follows : Balance Sheet of Archana, Vandana and Arti as at 31st March, $\displaystyle 2023$ Amount Amount Liabilities Assets < < Capitals : Investments $\displaystyle 80,000$ Archana $\displaystyle 80,000$ Plant $\displaystyle 1,00,000$ Vandana $\displaystyle 70,000$ Stock $\displaystyle 40,000$ Arti $\displaystyle 60,000$ $\displaystyle 2,10,000$ Debtors $\displaystyle 50,000$ General Reserve $\displaystyle 30,000$ Cash at Bank $\displaystyle 30,000$ Creditors $\displaystyle 60,000$ $\displaystyle 3,00,000$ $\displaystyle 3,00,000$ The firm was dissolved on the above date. (i) Assets were realised as follows : Debtors ₹ $\displaystyle 40,000$ Stock ₹ $\displaystyle 50,000$ Plant ₹ $\displaystyle 60,000$ (ii) $\displaystyle 25$% of the Investments were taken over by Vandana at ₹ $\displaystyle 18$,000. Remaining Investments were taken over by Archana at $\displaystyle 10$% less than its book value. (iii) Expenses of realisation ₹ $\displaystyle 20,000$ were paid by Arti. Prepare Realisation Account.

Dr Realisation A/c Cr Particulars Amount Particulars Amount ₹ ₹ To Investments A/c $\displaystyle 80,000$ By Creditors A/c (½) $\displaystyle 60,000$ To Plant A/c $\displaystyle 1,00,000$ To Stock (½) $\displaystyle 40,000$ By Bank A/c (½) To Debtors A/c $\displaystyle 50,000$ Debtors $\displaystyle 40,000$ Stock $\displaystyle 50,000$ To Bank (½) $\displaystyle 60,000$ Plant $\displaystyle 60,000$ $\displaystyle 1,50,000$ To Arti’s Capital A/c $\displaystyle 20,000$ By Vandana’s capital A/c $\displaystyle 18,000$ (½) (½) By Archana’s capital A/c $\displaystyle 54,000$ By Loss transferred to Partners’ Capital A/c: (½) Archana $\displaystyle 34,000$ Vandana $\displaystyle 20,400$ $\displaystyle 68,000$ Arti $\displaystyle 13,600$ $\displaystyle 3,50,000$ $\displaystyle 3,50,000$