Zoya, Alima and Ayra were partners in a firm sharing profits and losses in the ratio of 5 : 3 :
2. Inspite of repeated reminders by the authorities, they kept dumping hazardous material
into a nearby river. The court ordered for the dissolution of their partnership firm on
31st March 2021. Zoya was deputed to realise the assets and pay the liabilities. She was paid
?1,000 as commission for her services. The financial position of the firm was as follows




Following was agreed upon:
Zoya took over investments for ?12,500. Stock and furniture realized ?41,500. There was
old furniture which has been written off completely from the books. Alima agreed to take
away the same at the price of ?3,000. Compensation paid to the employees amounted to
?8,000. This liability was not provided in the above Balance Sheet. Realization expenses
amounted to ?1,000.
Prepare Realisation Account and Partner?s