Kamal, Vimal and Sunil were partners sharing profits and losses in the ratio of 5:3:2, respectively. Their Balance Sheet as on Mar 31, 2010 was as follows:

Liabilities

Rs

Assets

Rs

Sundry Creditors

1,15,000

Furnitureand Fixtures

30,000

General Reserves

50,000

Stock

1,30,000

Capital Accounts:

Debtors

2,00,000

Kamal

1,00,000

Less: Provision for Bad Debts

10.000

1,90,000

Vimal

80,000

Cash

10,000

Sunil

15,000

1,95,000

3,60,000

3,60,000

The firm was dissolved on that date. Assets realised as follows:

Furniture and Fixtures: Rs 10,000; Stock: Rs 1,00,000; Debtors: Rs 1,20,000.

Sundry creditors to the extent of Rs 500 were paid in full. The total payment to sundry creditors was Rs 1,04,500. It was found that there was a liability of Rs 30,500 for damages which had also to be paid.

Winding up expenses amounted to Rs 10,000. Sonal became insolvent and he could pay only 20 paise in a rupee.

Prepare ledger accounts to close the books of the firm following Garner vs. Murray rule.