X Y and Z entered into a partnership and contributed 9 000 6 000 and 3 000 respectively They agreed ......

X, Y and Z entered into a partnership and contributed 9,000; 6,000 and 3,000 respectively. They agreed to share profits and losses equally. The business lost heavily during the very first year and they decided to dissolve the firm. After realising all assets and paying off liabilities, there remained a cash balance of 6,000.

Prepare Realisation Account and Partner's Capital Accounts.

By: Aman