Kumar, Yash and Zakir commenced business on January 1, 2001 with capitals of Rs. 1,00,000, Rs. 80,000 and Rs. 60,000 respectively. Profits are shared in the ratio 4:3:3. Capitals carried interest at 5% p.a. During 2001 and 2002 they made profits of Rs. 40,000 and Rs. 50,000 (before allowing interest on capitals). Drawings of each partner were Rs. 10,000 per year. On December 31, 2002 the firm was dissolved. Creditors on that date were Rs. 24,000. The assets realized Rs. 2,60,000 net. Prepare the necessary accounts to close the books of the firm.