Rishika and Shivika were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : 2. Their Balance Sheet as at 31st March, $\displaystyle 2024$ stood as follows : Balance Sheet of Rishika and Shivika as at 31st March, $\displaystyle 2024$ Amount Amount Liabilities Assets ( ) $\displaystyle 3$ ( ) ? Capitals : Equipment $\displaystyle 45,00,000$ Rishika $\displaystyle 30,00,000$ Investments $\displaystyle 5,00,000$ Shivika $\displaystyle 20,00,000$ $\displaystyle 50,00,000$ Debtors $\displaystyle 35,00,000$ Shivika's Husband's Loan $\displaystyle 5,00,000$ Stock $\displaystyle 8,00,000$ Creditors $\displaystyle 40,00,000$ Cash at Bank $\displaystyle 2,00,000$ $\displaystyle 95,00,000$ $\displaystyle 95,00,000$ The firm was dissolved on the above date and the following transactions took place : (i) Equipments were given to creditors in full settlement of their account. (ii) Investments were sold at a profit of $\displaystyle 20$% on its book value. (iii) Full amount was collected from debtors. (iv) Stock was taken over by Rishika at $\displaystyle 50$% discount. (v) Actual expenses of realisation amounted to ₹ $\displaystyle 2,00,000$ which were paid by the firm. Prepare Realisation Account.

Dr. Realisation Account Cr. Amount Amount Particulars Particulars (`) (`) To Sundry Assets t/f: ($\displaystyle 1$) By Sundry Liabilities t/f: (½) Equipment $\displaystyle 45,00,000$ Shivika’s Husband’s Loan $\displaystyle 5,00,000$ Investments $\displaystyle 5,00,000$ Creditors $\displaystyle 40,00,000$ $\displaystyle 45,00,000$ Debtors $\displaystyle 35,00,000$ Stock $\displaystyle 8,00,000$ $\displaystyle 93,00,000$ By Bank A/c (Investment) (½) $\displaystyle 6,00,000$ By Bank A/c (Debtors) (½) $\displaystyle 35,00,000$ To Bank A/c ($\displaystyle 1$) $\displaystyle 2,00,000$ By Rishika’s Capital A/c $\displaystyle 4,00,000$ (Realisation Expenses) (Stock) (½) To Bank A/c ($\displaystyle 1$) $\displaystyle 5,00,000$ By Loss transferred to ($\displaystyle 1$) (Shivika’s Husband’s Loan) Partners’ Capital A/c Rishika $\displaystyle 6,00,000$ Shivika $\displaystyle 4,00,000$ $\displaystyle 10,00,000$ $\displaystyle 1,00,00,000$ $\displaystyle 1,00,00,000$