Question

35. Aman, Naman and Raman were partners in a firm sharing profits and losses in the ratio of 2
7.36 Double Entry Book Keeping CBSE XII
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31st March, 2020 their Balance Sheet was as follows:
Assets
Aman
Naman
8,00,000
7,00,000
500,000
Fixed Assets
Stock
Debtors
Cash at Bank
Advertisement Suspense A/c (Deferred Revenue
Workmen Compensation Reserve
General Reserve
Employees Provident Fund
Creditors
20,00,000
50,000
2,00,000
1,00,000
5,00,000
28,50,000
Naman died on 30th June 2020. According to the Partnership Deed, his legal heirs were entitled to
(a) Balance in his Capital Account
(b) His share of goodwill will be calculated on the basis of thrice the average of the past 4 years
(dHis share in profits up to the date of death on the basis of average profits of the last two yan
(d) Interest on capital @ 12% p.a. up to the date of his death.
The firm's profits for the last four years ended 31st March, were:
2017: 240,000;2018:* 4,00,000; 2019: 5,20,000 and 2020: ** 4,40,000.
Naman's Executor was paid the sum due immediately
. Prepare Naman's Capital Accounts to bere
to his legal heirs.
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Answer 1

Explanation:

sorry dont know the answer