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 realized 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 to complete these accounts by posting the correct amounts.

Distinguish between 'Dissolution of Partnership' and Dissolution of Partnership Firm' on the basis of closure of books.

Shanti and Satya were partners in a firm sharing profits in the ratio of 4:1. On 31^st March, 2013 their Balance Sheet was as follows:

On the above date the firm was dissolved:
(1) Shanti took over 40% of the stock at 10% less than its book value and the remaining stock was sold for Rs 40,000. Furniture realized Rs 80,000.
(2) An unrecorded investment was sold for Rs 20,000. Machinery was sold at a loss of Rs 60,000.
(3) Debtors realized Rs 55,000.
(4) There was an outstanding bill for repairs  for which Rs 19,000 were paid. Prepare Realisation Account.

Shanti and Satya were partners in a firm sharing profits in the ratio of 4:1. On 31^st March, 2013 their Balance Sheet was as follows:

On the above date the firm was dissolved:
(1) Shanti took over 40% of the stock at 10% less than its book value and the remaining stock was sold for Rs 40,000. Furniture realized Rs 80,000.
(2) An unrecorded investment was sold for Rs 20,000. Machinery was sold at a loss of Rs 60,000.
(3) Debtors realized Rs 55,000.
(4) There was an outstanding bill for repairs  for which Rs 19,000 were paid. Prepare Realisation Account.