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Still NOT Sath Problem 12: Daksh Associates is a reputed firm. On account of certain misun between the partners, it was decided to dissolve the firm as on 31st December, Balance Sheet as on 31st December, 2011 was follows: Liabilities Rs. Assets Capitals: Land and Buildings Daksh 3,00,000 Other Fixed Assets (org Yash 2,00,000 Stock in Trade) Siddhart (Minor) 1,00,000 6,00,000 Debtors Trade Loans 3,00,000 Bills Receivable Bank Overdraft 3,00,000 Goodwill Other Loans 2,00,000 Cash Creditors 2,00,000 Siddhart's Loan 2,00,000 18,00,000 It was decided that Mr. Daksh shall be in-charge of Realisation. He shall set apa towards expenses. He shall be paid a remuneration of 5 percent on the amounts the partners towards their contribution other than loans. Assets realized are as un Rs. 1-1-2012 Debtors 3,50 15-1-2012 Fixed Assets 4,00 1-2-2012 Debtors 50 15-2-2012 Bills Receivable 1,4 1-3-2012 Fixed Assets 5 15-3-2012 Land and Buildings, 8,0 Prepare a statement showing how the money received on various dates will be dist assuming: 1. The actual expenses of realization amounted to Rs. 20,005. 2. The firm is solvent. 3. The profit sharing ratio was as under: Profit 20 Rajuat Daksh Yash Siddhart 2 1 5 Los 1 1 Ni 2 4. The final dissolution is made on 15th March, 2012. (SM) (Ans: Balance Due DKSA Rs. 19,050; Yash-Rs.19,050; Sic