a dividend of 50 paise in the rupee was received from the court receiver prepare rea 609144

The following was the Balance Sheet of C, D and E on Dec 31, 2009.

Liabilities	Rs	Assets	Rs
Sundry Creditors	60,000	Cash	5,000
Loan on Mortgage of Freehold Property	8,000	Debtors	44,000
C”s Capital Account	50,000	Stock in Trade	46,000
Es Capital Account	30,000	Furniture	10,200
C”s Current Account	2,000	Freehold Property	36,000
Es Current Account	1,000	D”s Current Account	9,800
	1,51,000		1,51,000

The partners shared profit and losses in the ratio 3:2:3. It was decided to dissolve the partnership as on the date of the Balance Sheet. The assets realised are as follows: Freehold Property 30%; Furniture 80% less; Stock 40%; Debtors 50% less. The realisation expenses amounted to Rs 5,240. The sundry creditors agreed to take 75 paise in the rupee in full satisfaction if D is insolvent. A dividend of 50 paise in the rupee was received from the court receiver. Prepare Realisation Account, Capital and Current Accounts of partners by applying Garner vs.