Following was the balance Sheet and 7 USUZLULase30.00020,000CreditorsB

1.	Following was the balance Sheet and 7 USUZLULase30.00020,000CreditorsBills Payables LoanRsLoanWorkmen Compensation ReserveCapitalsD1.00,0001.50.00050,000 Bank10,000 Debtors8.000 Stock12.000 Furniture20,000 Land and BuildingOs Capital2.45.00020.000250.0003,50,000The firm was dissolved on the above date on the following terms:(i) Debtors realized 328,000; and creditors and bills payable were paid at adiscount of 10%.(m Stock was taken over by T for 315,000 and furniture was sold to N for12,000.(ii) Land and building was sold for 32,80,000.(iv) R's loan was paid by a cheque for the same amount,(v) There was an unrecorded asset of 20,000 which was sold for 314,000.(1) The firm had a joint life policy of 35,00,000 with a surrender value of286,000. The policy was surrendered at its surrender value.Prepare Realisation Account, Bank Account and Capital Accounts of D G and T.
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Following was the balance Sheet and 7 USUZLULase30.00020,000CreditorsBills Payables LoanRsLoanWorkmen Compensation ReserveCapitalsD1.00,0001.50.00050,000 Bank10,000 Debtors8.000 Stock12.000 Furniture20,000 Land and BuildingOs Capital2.45.00020.000250.0003,50,000The firm was dissolved on the above date on the following terms:(i) Debtors realized 328,000; and creditors and bills payable were paid at adiscount of 10%.(m Stock was taken over by T for 315,000 and furniture was sold to N for12,000.(ii) Land and building was sold for 32,80,000.(iv) R's loan was paid by a cheque for the same amount,(v) There was an unrecorded asset of 20,000 which was sold for 314,000.(1) The firm had a joint life policy of 35,00,000 with a surrender value of286,000. The policy was surrendered at its surrender value.Prepare Realisation Account, Bank Account and Capital Accounts of D G and T.

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