Rita and Sobha are partners in a firm Fancy Garments Exports sharing profits and losses equally On ...........

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 54,000; 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  1,20,000.

e Rita took the goodwill of the firm at a value of 30,000.

f An unrecorded asset of 6,900 was handed over to an unrecorded liability of 6,000 in full settlement.

g Realisation expenses were 5,250.

Show Realisation Account, Partners' Capital Accounts and Bank Account in the books of the firm.