Ajit, Gaurav &Nitin are partners sharing profit and losses in the ratio of 4:3:3. Their Balance Sheet as on 31stMarch 2020 stood as follows: Liabilities Rs. Assets Rs .. Creditors 40,000 Fixed Assets 40,000 Loan from Bank 15,000 Debtors 24,000 (Secured on Stock) Loan from Ajit 10,000 Stock 20,000 Capital : Cash 1,000 Ajit 20,000 Profit and Loss Account 30,000 Gaurav 20,000 Nitin 10,000 1,15,000The firm was dissolved. The stock realized 50% fixed assets and debtors realized Rs. 30,000 in all. The private position of the partners was under: Private Assets Private Liabilities RS. Rs. Ajit 10,000 15,000 Gaurav 8,000 6,000 Nitin was able to pay 50 paise in the rupees what was payable on his own accounts to the firm. The loss on realization is to be determined after considering the amount finally paid to creditors. Prepare Realisation Account, Partners, Capital Accounts, Bank Account and Deficiency Account to close the books of the firm.