Question - 28 (A) 

Kallu and pappu are partners sharing profit & loss in the ratio of 3:1. They decided to dissolve the firm amount realized from assets Rs. 75,000 liabilities of the firm were as under :

Creditors Rs. 45,000, Kallu's Loan Rs. 20,000, Capital of Kallu Rs. 10,000, Pappu's Capital Rs. 15,000.

Prepare realization and partner's capital account.

Question - 28 (B)

Rahul and Ayush are partners in a firm and their capital is Rs. 80,000 and Rs. 60,000 respectively and Rs. 45,000 of debtor Amount realized from firm's assets Rs. 1,95,000 prepare realization account.

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