Radha and Mohan were Partners. They decided to dissolve their firm. The goodwill appeared in the books at Rs. 6000. Show journal entries in their books, if goodwill realised Rs. 9,000. 

Bora, Singh and Ibrahim were partners in a firm sharing profits in the ratio of 5 : 3 : 1.  On 2.3.2015 their firm was dissolved.  The assets were realised and the liabilities were paid off.  Given below are the Realisation Account, Partners' Capital Account and Bank Account of the firm.  The accountant of the firm left a few amounts unposted in these accounts.  You are required these accounts by positing the correct amounts:

Dr.                                Realisation Account                                  Cr.

Particulars		Rs.	Particulars		Rs.
To Stock		10,000	By Provision for bad debts		5,000
To Debtors		25,000	By Sundry Creditors		16,600
To Plant and Machinery		40,000	By Bills Payable		3,400
To Blank:			By Mortagage Loan		15,000
Sundary Creditors	16,000		By Bank - Assets Realized:
Bills Payable	3,400		Stock	6,700
Mortgage Loan	15,000	34,400	Debtors	12,500
To Bank (Outstanding repairs)		400	Plant and Machinery	36,000	55,200
To Bank (Expenses)		620	By Bank-Urecorded Assets Realised		6,220
			By ......		.....
		1,10,420			1,10,420

Dr.                               Capital Account                                           Cr.

Particulars	Bora Rs.	Singh Rs.	Ibrahim Rs.	Particulars	Bora Rs.	Singh Rs.	Ibrahim Rs.
.....	.....	.....	.....	By Balance b/d	22,000	18,000	10,000
.....	.....	.....	.....	By General Reserve	2,500	1,500	500
	24,500	19,500	10,500		24,500	19,500	10,500

Dr.                                    Bank Account                                         Cr.

Particulars	Rs.	Particulars	Rs.
To Balance b/d	19,500	By Realisation (Liabilities)	34,00
To Realisation (Assers realized)	55,200	By Realisation (Unrecorded Liabilities)	400
.....	....	By .....	.....
		By .....	.....
	80,920		80,920

X,Y and Z were partners Sharing Profits in the ratio of 2 : 2 : 1.  Their Balance-Sheet as on March 31st 2010, the date on which they dissolve their firm, was as follows :

Liabilities	Rs.	Assets		Rs.
X Capital A/c	1,27,500	Other Sundry Assets		1,17,000
Y Capital A/c	1,10,000	Furniture		11,000
Z Capital A/c	17,000	Debtors	1,24,200
Loan	11,500	Less ; Provision for Doubtful Debts	(1,200)	1,23,000
Creditors	16,000	Stock		17,800
		Cash		13,200
	2,82,000			2,82,000

It was agreed that:

(a) X to take over Furniture at Rs. 8,000, debtors amounting to Rs. 1,20,000 at 1,17,200 and the creditors of Rs. 16,000 were to be paid by him at this figure.

(b) Y is to take over all stock for Rs. 17,000 and some sundry assets at Rs. 72,000 (being 10% less than the book value).

(c) Z to take over remaining sundry assets at 80% of the book value and assume the responsibility of discharge of loan together with accrued interest of Rs. 2,300.

(d) The expenses of realization were Rs. 2,700.  The remaining debtors were sold to a debt collecting agency at 50% of the Book value.

Prepare Realisation A/c, Partners Capital A/cs and Cash A/c.

Record necessary journal entries in the following cases.
(i) Creditors worth Rs. 85,000 accepted Rs. 40,000 as cash and investment worth Rs.43,000 in full settlement of their claim.
(ii) Creditors were worth Rs.16,000. They accepted machinery valued at Rs.18,000 in settlement of their claim. 
(iii) Creditors were worth Rs.90,000. They accepted buildings valued at Rs.1,20,000 and paid cash to the firm Rs.30,000.