Guru, Samta and Prakash were partners in a firm sharing profits and losses in the ratio of 2: 3: 5. On 31st March, 2024, their Balance Sheet was as…

Dr. Realisation A/c Cr. Particulars Amount Particulars Amount ( ) ( ) To Sundry Assets: By Sundry Liabilities: Stock $\displaystyle 6,00,000$ Creditors $\displaystyle 4,20,000$ Debtors $\displaystyle 3,90,000$ Mrs. Guru’s Loan $\displaystyle 5,00,000$ Land & Building $\displaystyle 4,14,000$ Provision for doubtful debts $\displaystyle 10,000$ $\displaystyle 9,30,000$ Plant & Machinery $\displaystyle 9,00,000$ $\displaystyle 23,04,000$ By Samta’s Capital A/c (Stock) $\displaystyle 2,70,000$ To Guru’s Capital A/c $\displaystyle 5,00,000$ (Mrs. Guru’s Loan) By Prakash’s Capital A/c $\displaystyle 20,00,000$ (Land & Building) To Bank A/c $\displaystyle 56,000$ (Realisation expenses ) By Bank A/c: Stock $\displaystyle 3,60,000$ To Profit transferred to: Plant & Machinery $\displaystyle 1,00,000$ $\displaystyle 4,60,000$ Guru’s Capital A/c $\displaystyle 1,60,000$ Samta’s Capital A/c $\displaystyle 2,40,000$ $\displaystyle 8,00,000$ Prakash’s Capital A/c $\displaystyle 4,00,000$ $\displaystyle 36,60,000$ $\displaystyle 36,60,000$