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  3. a b 3 40,000 20,000 3 - 9.220 6,915 4,610 a b ..

A B 3 40,000 20,000 3 - 9.220 6,915 4,610 A B ...

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Accounting

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A B 3 40,000 20,000 3 - 9.220 6,915 4,610 A B D 3 3 3 3 To Bal, bld -- 3,200 8,415 By Bal bid To Realisation By Bank Alc 9,220 6,915 4,610 2,305 Realisation loss) To D's Capital By Bank (Deficiency 5,360 2,680 (Recovery) To Bank 34,640 17,320 By A's Capital 2/3 By B's Capital 1/3 By Bank Alc 49,220 26.915 7.810 10.720 2.680 - 5.360 - 2680 3,200 49,220 26,9157,810 10.720 019 Bank Account To Balance bid 535 By Realisation Alc 12.100 Ta Realisation Alc 44.700 By Realisation Alc 6.300 To A's Capital Alc 9,220 By Realisation Alc 1,500 To B's Capital Alc 6,915 By A's Capital Alc 34,640 To D's Capital Alc 2,680 By B's Capital Alc 17,320 To C's Capital Alc (4,610 + 7,810 3,200) 71,860 71,860 Working Note: D's loss will be borne by A and B only as solvent partners having credit balance anly has to bear the loss on account of insolvency. C wil bring his share of loss in cash. Illustration 4 Ms X Y and Z who were in partnership sharing profits and losses in the ratio of 2.2.1 respectively, had the following Balance Sheet os at December 31, 2012: Liabilities Assets

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