Ashu and Harish are partners sharing profits and losses as 3 : 2 . They decided to dissolve the firm on 31st March, 2018. Their Balance Sheet on the above date was: The firm was dissolved on 1st April,2018 and the Assets and Liabilities were settled as follows: (a) Land and Building b realised ₹ 4,30,000. (b) Debtors realised ₹ 2,25,000 (with interest) and ₹ 1,000 were recovered for Bad Debts written off last year. (c) There was an Unrecorded Investment which was sold for ₹ 25,000. (d) Vichal took over Machinery at ₹ 2,80,000 for cash. (e) 50% of the Creditors were paid ₹ 4,000 less in full settlement and the remaining Creditors were paid full amount. Pass necessary journal entries for dissolution of the firm. Ashu is to take over the building at ₹ 95,000 and Machinery and Furniture is taken over by Harish at value of ₹ 80,000. Ashu agreed to pay Creditor and Harish agreed to meet Bank overdraft. Stock and Investments are taken by both partner in profit-sharing ratio. Debtors realised for ₹ 46,000, expenses of realisation amounted to ₹ 3,000. Prepare necessary Ledger Accounts.