The Balance Sheet as on 31st March, 2018 of Abel, Baker and Charley, who share profits and losses in the ratio of 2 : 2 : 1 is given below:The amounts were realised piecemeal and it was decided that the amounts received in instalments should be distributed immediately. 1st Realisation ₹75,000; 2nd Realisation ₹1,47,000; and 3rd Realisation ₹1,50,000.

Draw a statement to show the distribution of cash thus realised and ascertain the loss suffered by each partner, if any.

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Abel's Capital A/c Baker's Capital A/c Charley's Capital A/c Abel's Advance A/c Baker's Advance A/c Sundry Creditors Bills Payable Liabilities ₹ 90,000 Fixed Assets 72,000 Floating Assets 60,000 30,000 24,000 72,000 48,000 3,96,000 Assets ₹ 2,00,000 1,96,000 3,96,000