Suvan and Shivam were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : 7. On 31st March, $\displaystyle 2025$, their Balance Sheet was as follows : Balance Sheet of Suvan and Shivam as on 31st March, $\displaystyle 2025$ Liabilities Amount Assets Amount of) ($\displaystyle 0$ Creditors $\displaystyle 5,00,000$ Cash at Bank $\displaystyle 2,00,000$ Capitals : Stock $\displaystyle 1$,'$\displaystyle 75,000$ Suvan $\displaystyle 4,00,000$ Debtors $\displaystyle 1,25,000$ Shivam $\displaystyle 5,00,000$ $\displaystyle 9,00,000$ Plant & Machinery $\displaystyle 9,00,000$ $\displaystyle 14,00,000$ $\displaystyle 14,00,000$ On the above date the firm was dissolved. Stock realised ₹ $\displaystyle 1,30,000$ and debtors realised ₹ $\displaystyle 1,15$,000. Plant and Machinery was taken over by Shivam for ₹ $\displaystyle 3,40$,000. Expenses of realisation amounting to ₹ $\displaystyle 3,000$ were paid by Suvan. Prepare Realisation Account and Partners' Capital Accounts.

Books of Suvan and Shivam Dr. Realisation Account Cr. Particulars Amount Particulars Amount (₹) (₹) ½ ½ To Sundry Assets By Sundry Liabilities Stock $\displaystyle 1,75,000$ - Creditors $\displaystyle 5,00,000$ Debtors $\displaystyle 1,25,000$ Plant &Machinery $\displaystyle 9,00,000$ $\displaystyle 12,00,000$ ½ By Cash/ Bank A/c Stock $\displaystyle 1,30,000$ ½ Debtors $\displaystyle 1,15,000$ $\displaystyle 2,45,000$ To Cash/Bank A/c -Creditors $\displaystyle 5,00,000$ By Shivam’s Capital A/c ½ - Plant and Machinery $\displaystyle 3,40,000$ To Suvan’s Capital A/c -Realisation expenses $\displaystyle 3,000$ By Loss transferred to Partners’ Capital A/c’s. ½ Suvan $\displaystyle 1,85,400$ Shivam $\displaystyle 4,32,600$ $\displaystyle 6,18,000$ $\displaystyle 17,03,000$ $\displaystyle 17,03,000$ Dr. Partners’ Capital Accounts Cr. Particulars Suvan Shivam Particulars Suvan Shivam (₹) (₹) (₹) (₹) To Realisation A/c - $\displaystyle 3,40,000$ By Balance b/d $\displaystyle 4,00,000$ $\displaystyle 5,00,000$ (Plant & Machinery) To Realisation A/c $\displaystyle 1,85,400$ $\displaystyle 4,32,600$ $\displaystyle 3,000$ - By Realisation A/c ½ (Loss) (Realisation expenses) A/c½ $\displaystyle 2,17,600$ - ½ - $\displaystyle 2,72,600$ To Cash/Bank By Cash/ Bank A/c $\displaystyle 4,03,000$ $\displaystyle 7,72,600$ $\displaystyle 4,03,000$ $\displaystyle 7,72,600$