26 : Bale and Yale are equal partners of a firm. They decided to dissolve their partnership on 31st March 2025 at which date their Balance Sheet stood as :
(a) The assets were realised were :
Stock Rs 22,000; Debtors Rs 7,500; Machinery Rs 16,000; Building Rs 35,000
(b) Yale took Furniture at Rs 9,000
(c) Bale agreed to accept Rs 2,500 in settlement of his loan account.
(d) Dissolution expenses were Rs 2,500.
Prepare the :
(a) Realisation account
(b) Capital Accounts of Partners
(c) Loan by Bale account
(d) Bank account
Solution :-
