19 : C, D and E were partners in a firm sharing profits in the ratio of 3:1:1. Their balance sheet as at 31st March 2022 was as follows :
On the above date, the firm was dissolved due to certain disagreements among the partners :
(i) Machinery of Rs 3,00,000 were given to creditors in full settlement of their account and remaining machinery was sold for Rs 10,000.
(ii) Investment realised Rs 2,90,000.
(iii) Stock was sold for Rs 1,80,000.
(iv) Debtors for Rs 20,000 proved bad.
(v) Realisation expenses amounted to Rs 10,000.
Prepare Realisation account.
Solution :-
