Susan, Geeta and Rashi are partners sharing profits and losses in the ratio of 5 : 3: 2. Their Balance Sheet as at 31st March, 2017, is as under :
The partners decided to dissolve their partnership on 31st March, 2017.
The following transactions took place at the time of dissolution :
(a) Realization expenses of ?20,000 were paid by Susan on behalf of the firm.
(b) Geeta took over the goodwill for her own business at Rs 40,000.
(c) Building was taken over by Rashi at Rs 3,00.000.
(d) Only 80% of the debtors paid their dues.
(e) Furniture was sold by Rs 97,000.
(f) Bank Loan was settled along with interest of Rs 5,000.
You are required to Prepare the Realization Account.