please explain solution with full details. answer is also given to you.specially explain (a) adjustment how to deal. and give full answer as it is only one question with sub-parts.

Liabilities Sundry Creditors Alls Payable Loan by Rita Reserve Capital A/cs: 15. Rita and Sobha are partners in a firm, Fancy Garments Exports, sharing profits and losses equally. On 1st April, 2021, the Balance Sheet of the firm was: Assets 75,000 Cash 6,000 30,000 Bank 30,000 25,000 Stock 75.000 24,000 Book Debts 66,000 Less: Provision for 90,000 Doubtful Debts 60,000 45,000 30,000 1,20,000 Plant and Machinery 48,000 Land and Building 10,000 Loan to Sabha 2.74.000 2,74,000 6,000 Auta Sobha The firm was dissolved on the date given above. The following transactions took place (a) Rita took 25% of the Stock at a discount of 20% in settlement of her loan (b) Book Debts realised 354,000; balance of the Stock was sold at a profit of 30% on cost, (c) Sundry Creditors were paid out at a discount of 10%. Bills Payable were paid in full. (d) Plant and Machinery realised 75,000. Land and Building 7 1,20,000, (e) Rita took the goodwill of the firm at a value of 30,000 (HAn unrecorded asset of 6,900 was handed over to an unrecorded liability of * 6,000 in full settlement (9) Realisation expenses were 5,250. Show Realisation Account Partners' Capital Accounts and Bank Account in the books of the firm (Ans.: Gain (Profit) on Realisation - 1,51,375; Amount paid to Rita- 1,47,688; Sobha-1,07,687; Toral of Bank Account-3,58,125,1 2021