Balance Sheet as on 31-3-2014

Assets:
- Fixed Assets: The value of fixed assets owned by the partnership is not mentioned in the given information. Fixed assets are the long-term assets that are not meant for sale and are used to generate revenue for the partnership. Examples include land, buildings, machinery, etc.
- Current Assets: The current assets of the partnership as on 31-3-2014 are given as follows:
- Cash: The partnership had cash on hand. Cash is a liquid asset that can be readily used for transactions and payments.
- Debtors: The partnership had amounts receivable from its customers. Debtors represent the amount owed to the partnership by its customers for goods sold or services rendered on credit.
- Stock: The partnership had inventory or stock of goods available for sale. Stock represents the value of goods held by the partnership for the purpose of resale.

Liabilities:
- Capital: The capital of Suman and Joseph is not mentioned in the given information. Capital represents the total investment made by the partners in the partnership.
- Current Liabilities: The current liabilities of the partnership as on 31-3-2014 are given as follows:
- Creditors: The partnership had amounts payable to its suppliers. Creditors represent the amount owed by the partnership to its suppliers for goods or services received on credit.
- Bills Payable: The partnership had bills or promissory notes that were due for payment. Bills payable represent the amount owed by the partnership to its creditors.

Profit and Loss:
- The profit and loss sharing ratio of Suman and Joseph is 2:1. This means that out of the total profit or loss earned by the partnership, Suman is entitled to 2 parts and Joseph is entitled to 1 part.
- The given balance sheet does not provide information about the profit or loss earned by the partnership during the period. Therefore, it is not possible to determine the profit or loss distribution between Suman and Joseph based on the given information.

Conclusion:
The given balance sheet provides information about the assets and liabilities of the partnership as on 31-3-2014. It includes details about the fixed assets, current assets, current liabilities, and the profit and loss sharing ratio of the partners. However, it does not provide information about the capital or the profit/loss earned by the partnership.