Question

5. A. B and C were partners in a firm sharing profits in the ratio of 2:2:1. Their capitals were A-12,00,000
$2,00,000 and C -1,00,000. The firm closed its books on March 31 every year. On 31-3-2010
to the partnership deed the executor of deceased partner was entitled to :
1. Interest on capital from the first day of accounting vear till the date of his death @ 12% p.a.
ii. His share of goodwill - the goodwill of the firm on Q's death was valued at 22,00,000.
ill. His share of profit - The profit of the firm for the year ended 31-3-2006 was 1,00,000.
C executors was paid the sum due in two annual equal instalments with interest @ 10% p.a.
Prepare C's capital account at the time of his death on 31-3-2016 to be presented to his executor and his
executor's loan for the year ending 31-3-2017, 31-3-2018 and 31-3-2019​

Answer 1

Answer:

Ii xndirnxudnenw.E ez j euuxuxdbdbnsjjnzeuxnuuuxuebxubsh xhdhdhdhdhdhdhdhdjdhdhehdhshsjsjsjsizjzkd