David, Eden and Flora were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. On 31st March, 2023, their Balance Sheet was as…

Dr. Realisation Account Cr. Particulars Amount Particulars Amount (₹) (₹) To Sundry Assets t/f: By Sundry Liabilities t/f: Fixed Assets $\displaystyle 10,00,000$ Bills Payable $\displaystyle 1,00,000$ $\displaystyle 1,00,000$ Investments $\displaystyle 5,00,000$ Stock $\displaystyle 3,00,000$ By Flora’s Capital A/c (Inv) $\displaystyle 6,00,000$ Bills Receivable $\displaystyle 2,00$ $\displaystyle 000$ $\displaystyle 20,00,000$ By David’s Capital A/c (stock) $\displaystyle 1,80,000$ By Eden’s Capital A/c (stock) $\displaystyle 95,000$ To Flora Capital A/c (exp) $\displaystyle 25,000$ By Bank A/c To Bank A/c: Fixed Assets $\displaystyle 8,50,000$ Bills Payable $\displaystyle 1,00,000$ $\displaystyle 1,00,000$ Trade Receivable $\displaystyle 2,00,000$ $\displaystyle 10,50,000$ By Loss transferred to Partners’ Capital A/c David $\displaystyle 40,000$ Eden $\displaystyle 40,000$ Flora $\displaystyle 20,000$ $\displaystyle 1,00,000$ $\displaystyle 21,25,000$ $\displaystyle 21,25,000$