C and D were equal partners. On Dec 31, 20–, their Balance Sheet was as follows:

Liabilities

Rs

Assets

Rs

C”s Capital Account

1,50,000

Fixed Assets (COST) 2,80,000

D”s Capital Account

70,000

Less: Provision for

Depreciation 90.000

1,90,000

C”s Loan

20,000

Joint Life Policy

12,600

Sundry Creditors

53,600

Stocks

54,000

Debtors

30,000

Cash

7,000

2,93,600

2,93,600

On that day they dissolved the firm. Fixed Assets were sold to Beta. Co. Ltd for Rs 2,00,000 payable in the form of 20,000 shares of Rs 10 each. C took over Joint Life Policy at an agreed valuation of Rs 10,000. Stock and debtors realised Rs 47,400. Expenses amounted to Rs 600. C and D agreed to distribute shares in Beta Co. Ltd between themselves in the ratio of their final claims. Sundry Creditors were paid at book value. Prepare Realisation Account, Capital Accounts and Cash Book.