Seema and Raveena were partners in a firm sharing profits and losses in the ratio of 11: 9. On 3151 March, 2025, their Balance Sheet was as follows:…

Books of Seema and Raveena Dr. Realisation Account Cr. Particulars Amount Particulars Amount (₹) (₹) To Sundry Assets By Sundry Liabilities Stock $\displaystyle 4,00,000$ - Creditors $\displaystyle 7,00,000$ Debtors $\displaystyle 6,00,000$ Plant and Machinery15,$\displaystyle 00,000$ $\displaystyle 25,00,000$ By Cash/ Bank A/c Plant and Machinery. $\displaystyle 12,00,000$ Stock $\displaystyle 3,90,000$ $\displaystyle 21,90,000$ To Cash/ Bank A/c Debtors $\displaystyle 6,00,000$ By Loss transferred to Partners’ Capital A/c’s Seema $\displaystyle 1,76,000$ To Raveena’s Capital A/c $\displaystyle 32,10,000$ $\displaystyle 32,10,000$ Dr. Partners’ Capital Accounts Cr. Particulars Seema Raveena Particulars Seema Raveena (₹) (₹) (₹) (₹) To Realisation A/c $\displaystyle 1,76,000$ $\displaystyle 1,44,000$ By Balance b/d $\displaystyle 9,00,000$ $\displaystyle 11,00,000$ (Loss) To Cash/ Bank A/c $\displaystyle 7,24,000$ $\displaystyle 9,66,000$ By Realisation A/c - $\displaystyle 10,000$ (Commission) $\displaystyle 9,00,000$ $\displaystyle 11,10,000$ $\displaystyle 9,00,000$ $\displaystyle 11,10,000$ . Alternatively- Dr. Partners’ Capital Accounts Cr. Particulars Seema Raveena Particulars Seema Raveena (₹) (₹) (₹) (₹) To Realisation A/c $\displaystyle 1,76,000$ $\displaystyle 1,44,000$ By Balance b/d $\displaystyle 9,00,000$ $\displaystyle 11,00,000$ (Loss). To Cash/ Bank A/c - $\displaystyle 8,000$ By Realisation A/c - $\displaystyle 10,000$ (Commission) To Cash/ Bank A/c $\displaystyle 7,24,000$ $\displaystyle 9,58,000$ $\displaystyle 9,00,000$ $\displaystyle 11,10,000$ $\displaystyle 9,00,000$ $\displaystyle 11,10,000$