*(22) Mohan, Anand and Krishna are equal partners, whose Balance Sheet as on 30th April, 2012 was as under :

Balance Sheet as on 30th April, 2012

Amt. 7

25,000 Cash in hand

5,000 Stock

Debtors

4,000 Plant and Machinery 2,500 Furniture and Fittings

Land and Building Anand's Capital A/C

36,500

Assets

Liabilities

Sundry Creditors Mohan's Loan

Capital Account:

Mohan

Krishna

Amt. 7

250

4,000

5,000

10,000

4,000

10,000

3,250

36,500

Due to weak financial position of the partners, the firm is dissolved. Mohan and Krishna are not able to contribute anything and a sum of 1,000 received from Anand. All of them are declared insolvent. The assets are realised : Stock 2,500; Plant and Machinery 5,000; Furniture and Fittings 1,000; Land

and Building 4,000 and Debtors 2,750 only. Realisation expenses amounted 250.

You are required to prepare necessary Ledger Accounts to close the books of the firm