Akbar and Birbal were partners in a firm sharing profits and losses in the ratio of 3: 2 respectively.

5. In the books of Partnership Firm

Realisation Account.

Particulars	Amount	Amount	Particulars	Amount	Amount
To Sundry Assets:			By Sundry Liabilities (Sundry Creditors)		39700
Plant and Machinery A/c	40000		By R.D.D. A/c		1000
Furniture A/c	12000		By Bank A/c
Sundry Debtors A/c	61000		Plant and Macinery	30000
Stock A/c	28300	141300	Sundry Debtors	58000	88000
To Bank A/c (Sundry Creditors)		38000	By Akbar’s Capital A/c (Plant and Machinery)		10000
To Bank A/c (Realisation Expenses)		2000	By Birbal’s Capital A/c [Stock ]		27000
			By Partners’ Capital A/c
			Akbar	9360
			Birbal	6240	15600
		181300			181300

Partners’ Capital Accounts

Particulars	Akbar	Birbal	Particulars	Akbar	Birbal
To Realization A/c (Assets taken over)	10000	27000	By Balace b/d	60000	40000
To Realisation A/c (Loss)	9360	6240	By General Reserve A/c [Transfer]	12000	8000
To Bank A/c (Final Settlement)	52640	14760
	72000	48000		72000	48000

Bank Account.

Particulars	Amount	Amount	Particulars	Amount	Amount
To Balance b/d		19400	By Realisation A/c (Sundry Creditors)		38000
To Realisation A/c (Assets Sold)		88000	By Realization A/c (Expenses paid)		2000
			By Akbar’s Capital A/c [Final settlement]		52640
			By Birbal’s Capital A/c [Final Settlement]		14760
		107400			107400