X, Y and Z are partners sharing profits and losses in the ratio of 4:2:3. Below...

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X, Y and Z are partners sharing profits and losses in the ratio of 4:2:3. Below is their Balance Sheet as on 31/12/2018 when they decided to dissolve the firm. Amount Assets Amount 9,000 Stock 19,400 4,100 Sundry Debtors 31,000 Investment 24,000 5,600 1,000 6,500 45,000 15,000 3,700 Liabilities Sundry Creditors Bills Payable Capital accounts: Z Y X Loan from X Profit and loss Reserve Fund 3,000 46,000 68,000 4,000 4,500 12,600 1,51,200 Bills Receivable Cash in hand Bank Buildings Machinery Furniture 1,51,200 The assets realized: Investments Rs. 20,400; Bills Receivable and Debtors Rs.28,200; Stock Rs.14,550; Furniture Rs. 2,050; Machinery Rs. 8,600; Buildings Rs. 26,400. All the liabilities were paid off. The cost of realization was Rs. Rs. 600. Z had become bankrupt and Rs. 1,024 only was recovered from his estate once and for all. Partners were finally paid off. Show Realisation Account, Capital Accounts of partners and Cash account when capitals are fluctuating. X, Y and Z are partners sharing profits and losses in the ratio of 4:2:3. Below is their Balance Sheet as on 31/12/2018 when they decided to dissolve the firm. Amount Assets Amount 9,000 Stock 19,400 4,100 Sundry Debtors 31,000 Investment 24,000 5,600 1,000 6,500 45,000 15,000 3,700 Liabilities Sundry Creditors Bills Payable Capital accounts: Z Y X Loan from X Profit and loss Reserve Fund 3,000 46,000 68,000 4,000 4,500 12,600 1,51,200 Bills Receivable Cash in hand Bank Buildings Machinery Furniture 1,51,200 The assets realized: Investments Rs. 20,400; Bills Receivable and Debtors Rs.28,200; Stock Rs.14,550; Furniture Rs. 2,050; Machinery Rs. 8,600; Buildings Rs. 26,400. All the liabilities were paid off. The cost of realization was Rs. Rs. 600. Z had become bankrupt and Rs. 1,024 only was recovered from his estate once and for all. Partners were finally paid off. Show Realisation Account, Capital Accounts of partners and Cash account when capitals are fluctuating.