Saket and Suveni were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : 2. Their Balance Sheet as at 31st March, $\displaystyle 2025$ was as follows : Balance Sheet of Saket and Suveni as at 31st March, $\displaystyle 2025$ Amount Amount Liabilities Assets ( ) ( ) Capitals : Machinery $\displaystyle 15,00,000$ Saket $\displaystyle 12,00,000$ Investments $\displaystyle 8,00,000$ Suveni $\displaystyle 8,00,000$ $\displaystyle 20,00,000$ Debtors $\displaystyle 10,00,000$ Stock $\displaystyle 4,00,000$ Bank Overdraft $\displaystyle 8,00,000$ Cash in hand $\displaystyle 3,00,000$ Creditors $\displaystyle 12,00,000$ $\displaystyle 4$ $\displaystyle 0$ ,$\displaystyle 00,000$ $\displaystyle 40,00,000$ The firm was dissolved on the above date and the following transactions took place : (i) $\displaystyle 40$% of the creditors were given stock in full settlement of their dues. Remaining creditors were settled at $\displaystyle 20$% discount. (ii) Investments were taken over by Suveni at $\displaystyle 12,00$,000. (iii) Debtors realised $\displaystyle 8,00$,000. (iv) Machinery was realised at $\displaystyle 10$% discount. (v) Suveni agreed to bear the realisation expenses for a remuneration of $\displaystyle 20$,000. Prepare Realisation Account.

Books of Saket and Suveni Dr. Realisation A/c Cr. Particulars Amount Particulars Amount (₹) (₹) To Sundry Assets: $\displaystyle 1$ By Sundry Liabilities: Machinery $\displaystyle 15,00,000$ Bank overdraft $\displaystyle 8,00,000$ Investments $\displaystyle 8,00,000$ Creditors $\displaystyle 12,00,000$ $\displaystyle 20,00,000$ Debtors $\displaystyle 10,00,000$ By Bank/Cash A/c $\displaystyle 1$/$\displaystyle 2$ $\displaystyle 8,00,000$ Stock $\displaystyle 4,00,000$ $\displaystyle 37,00,000$ (Debtors) To Bank/ Cash a/c $\displaystyle 5,76,000$ By Bank/ Cash A/c $\displaystyle 13,50,000$ $\displaystyle 1$/$\displaystyle 2$ $\displaystyle 1$/$\displaystyle 2$ (Creditors) (Machinery) To Bank/ Cash a/c $\displaystyle 1$/$\displaystyle 2$ $\displaystyle 8,00,000$ By Suveni’s Capital A/c $\displaystyle 1$ $\displaystyle 12,00,000$ (Bank overdraft) (Investments) To Suveni’s Capital A/c $\displaystyle 1$/$\displaystyle 2$ $\displaystyle 20,000$ (Expenses) To Profit transferred to capital A/c: $\displaystyle 1$ Saket $\displaystyle 1,52,400$ Suveni $\displaystyle 1,01,600$ $\displaystyle 2,54,000$ $\displaystyle 53,50,000$ $\displaystyle 53,50,000$ PART B OPTION $\displaystyle 1$ (Analysis of Financial Statements)