Question number 8 tell me urgently agreed 74.000
Prepare realisation ace
Mont. a T
-s 13.200, surro Abeer paid 8,720
8 Vish and Krish are parlncts sharinq their prolits and in the ratio of 1. They decide to
dissolve their firm on 3 1st 2015. Their Sheet "s at that date Was as under
Balance Sheet
as at 31st March, 2015
Overdraft
Ca$ral Alas
Amt R)
70000
14.occ
54.0m
1.62.mo
Debt erg
Cow-mission Receivable
Bank
3.10.000
Leasehold property, machinery and furniture were divided among themselves and valuations
were agreed at and 80,000 respectively tor Vish and Vish agreed to pay
creditors and Krish agreed to meet the overdrafL Commission receivable was realised.
Realisation expenses were 6.00m Stork is worth of book value. Investments Ore worth
36.0011 Stock and other assets except those stated above ate divided equally The accounts are
settled by cash payment
Show the ledger accounts.
"S. Profit
from Krish 28.000: Total ofbank account e? Renono