Prashant and Rajesh were partners in a firm sharing profits in the ratio of 3:2. In spite of repeated reminders by the authorities they kept dumping hazardous material into nearby river. The court ordered for the dissolution of their partnership firm on 31st March 2012. Prashant was deputed to realise the assets and pay the liabilities. He was paid Rs. 1,000 as commission for his services. The financial position of the firm on 31st March 2012 was as follows:  

Liablities	Amount	Assets	Amount
Creditors	80,000	Buildings	1,20,000
Mrs. Parshant's Loan	40,000	Investments	30,600
Rajesh's Loan	24,000	Debtors                                               34,000 Less: Provision for Doubtful Debts 4,000	30,000
Investment Fluctuation Fund	8,000	Bills Receivable	37,400
Capitals: Prashant :  42,000 Rajesh :     42,000	84,000	Cash	6,000
		Profit and Loss A/c	8,000
		Goodwill	4,000
	2,36,000		2,36,000

 

1. Prashant agreed to payoff his wife's loan 
2. Debtors realised Rs 24,000
3. Rajesh took away investments at Rs. 27,000 
4. Building realised Rs. 1,52,000
5. Creditors were payable after 2 months. They were paid immediately at 10% discount. 
6. Bills Receivable were settled at a loss of Rs. 1,400
7. Realisation expenses amounted to Rs 2,500 

Prepare Realisation Account. Partner's Capital Accounts and Cash Account to close the books of the firm. Identify the value being conveyed in the question.