30 :- Ashu and Harish are partners sharing profits and losses as 3;2. They decided to dissolve the firm on 31st March, 2025. Their Balance Sheet on the above date was:
Ashu is to take over the building at Rs 95,000 and Machinery and Furniture is taken over by Harish at value of Rs 80,000. Ashu agreed to pay Creditor and Harish agreed to meet bank overdraft. Stock and Investments are taken by both partner in profit–sharing ratio. Debtors realised for Rs 46,000, expenses of realisation amounted to Rs 3,000.
Prepare necessary Ledger Accounts.
Solution :-
