C, D, E were partners in a firm sharing profits in the ratio of 3: 1: 1. Their Balance Sheet as at 31st March, 2022 was as follows: Balance Sheet of…

Dr. Realisation Account Cr. Particulars Amount Particulars Amount (₹) (₹) To Machinery A/c $\displaystyle 3,20,000$ By Creditors A/c $\displaystyle 1,00,000$ To Investments A/c $\displaystyle 3,00,000$ By Bills Payable A/c $\displaystyle 2,00,000$ To Stock A/c $\displaystyle 2,00,000$ By Bank A/c (machinery) $\displaystyle 10,000$ To Debtors A/c $\displaystyle 1,00,000$ By Bank A/c (investments) $\displaystyle 2,90,000$ To Bank A/c (expenses) $\displaystyle 10,000$ By Bank A/c (stock) $\displaystyle 1,80,000$ To Bank A/c (bills payable) ($\displaystyle 1$) $\displaystyle 2,00,000$ By Bank A/c (debtors) $\displaystyle 80,000$ By Partners’ Capital A/c (loss) C $\displaystyle 1,62,000$ D $\displaystyle 54,000$ E $\displaystyle 54,000$ $\displaystyle 2,70,000$ $\displaystyle 11,30,000$ $\displaystyle 11,30,000$