Sharmila, Urmila, and Leela are partners in the firm 'Jeevan Stores' sharing profit and losses in the ratio 2 : 2 : 1 respectively. On 31st March 2020, they decided to dissolve the firm when their Balance Sheet was as follows:
\begin{table}[h!]
\centering
\begin{tabular}{|l|r|l|r|}
\hline
Liabilities & Amount (₹) & Assets & Amount (₹)
\hline
Capital Account: & & Goodwill & 45,600
Sharmila & 2,27,160 & Machinery & 73,000
Urmila & 1,44,000 & Motor car & 1,67,600
Leela & 1,08,000 & Building & 1,02,000
Creditors & 28,800 & Investment & 62,400
Bills Payable & 21,600 & Debtors & 30,600
& & Stock & 45,000
& & Bank & 3,360
\hline
Total: & 5,29,560 & Total: & 5,29,560
\hline
\end{tabular}
\end{table}
The firm was dissolved on the above date and the assets were realised as under:
\[\begin{array}{rl} \bullet & \text{Sharmila agreed to take over the building at ₹ 1,23,600.} \\ \bullet & \text{Urmila took over goodwill, stock, and debtors at book value and agreed to pay creditors and bills payable.} \\ \bullet & \text{Motor car and Machinery were realised at ₹ 1,51,080 and ₹ 31,680 respectively.} \\ \bullet & \text{Investments were taken by Leela at an agreed value of ₹ 55,440.} \\ \bullet & \text{Realisation expenses amounted to ₹ 6,800.} \\ \end{array}\]
Prepare:
\[\begin{array}{rl} \bullet & \text{(a) Realisation Account} \\ \bullet & \text{(b) Partners' Capital Account} \\ \bullet & \text{(c) Bank Account} \\ \end{array}\]