Guru, Samta and Prakash were partners in a firm sharing profits and losses in the ratio of $\displaystyle 2$ : $\displaystyle 3$ : 5. On 31st March, $\displaystyle 2024$, their Balance Sheet was as follows : Balance Sheet of Guru, Samta and Prakash as at 31st March, $\displaystyle 2024$ Amount Amount Liabilities Assets ( ) $\displaystyle 2$ ( ) $\displaystyle 3$ Creditors $\displaystyle 4,20,000$ Cash at Bank $\displaystyle 3,10,000$ Stock $\displaystyle 6,00,000$ Mrs. Guru's Loan $\displaystyle 5,00,000$ Debtors $\displaystyle 3,90,000$ Less : Provision for Santa's Loan $\displaystyle 4,40,000$ doubtful debts $\displaystyle 10,000$ $\displaystyle 3,80,000$ Capitals : Guru $\displaystyle 3,00,000$ Samta $\displaystyle 5,00,000$ Land and Building $\displaystyle 4,14,000$ Prakash $\displaystyle 4,44,000$ $\displaystyle 12,44,000$ Plant and Machinery $\displaystyle 9,00,000$ $\displaystyle 26,04,000$ $\displaystyle 26,04,000$ On the above date the firm was dissolved and the following transactions took place : (i) Debtors were taken over by the creditors in full settlement of their account. (ii) $\displaystyle 50$% of the stock was taken over by Samta at $\displaystyle 10$% less than the book value. The remaining stock was sold at a profit of $\displaystyle 20$%. (iii) Land and Building was taken over by Prakash at ₹ $\displaystyle 20,00,000$ and $\displaystyle 2$° Plant and Machinery was sold as scrap for ₹ $\displaystyle 1,00$,000. (iv) Guru agreed to pay off Mrs. Guru's loan. (v) Realisation expenses were $\displaystyle 56$,000. Prepare Realisation Account.

Dr. Realisation A/c Cr. Particulars Amount Particulars Amount ( ) ( ) To Sundry Assets: ($\displaystyle 1$) By Sundry Liabilities: ($\displaystyle 1$) 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) (½) $\displaystyle 2,70,000$ To Guru’s Capital A/c (½) $\displaystyle 5,00,000$ (Mrs. Guru’s Loan) By Prakash’s Capital A/c (½) $\displaystyle 20,00,000$ (Land & Building) To Bank A/c ($\displaystyle 1$) $\displaystyle 56,000$ (Realisation expenses ) By Bank A/c: ($\displaystyle 1$) Stock $\displaystyle 3,60,000$ To Profit transferred to: (½) 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 $\displaystyle 4,00,000$ $\displaystyle 36,60,000$ $\displaystyle 36,60,000$