Amal, Bimal and Tamal are partners in a firm sharing profits and losses as Amal 60%, Bimal 30% and Tamal 10%. They agreed to dissolve the firm when the Balance Sheet was as under:Land and Building were taken by Amal at a valuation of ₹12,000 and ₹40,000 respectively. Plant and Investment were sold at book values. Loose Tools realized ₹1,300 and Stock ₹40,000. Of the Sundry Debtors ₹750 proved bad. Furniture was taken by Bimal at ~ 1,550. Creditors were paid off subject to a discount of 6%. The expenses of dissolution was ₹540 and a contingent liability of ₹600 was paid. Show the Realization Account, Bank Account and the Capital Accounts of the partners showing the final distribution.

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Capital - Amal Capital - Bimal Reserve Loan A/c ---- Amal Sundry Creditors Bank Overdraft Liabilities ₹ 40,000 Land 65,000 Building 24,000 Plant 18,000 Investments 9,000 Loose Tools 5,000 Fumiture 1,61,000 Stock Sundry Debtors Capital - Tamal Assets ₹ 10,000 50,000 30,000 10,000 1,000 2,000 41,500 15,000 1,500 1,61,000