5. Raju, Ravi and Roopa are partners sharing profit and losses in the ratio of 4:3:3.
Their capital balances on 01.04.2017 stood * 1,00,000, 780,000 and 50,000
respectively
Raju died on 01.10.2017. The partnerships deed provides the followings:
(a) Interest on capital at 12% p.a.
(b) He had withdrawn 5,000 up to the date of death.
(c) Raju's share of goodwill 5,000
(d) His share of profit up to the date of death on the basis of previous year profits.
Previous year's profits 120,000.
Prepare Raju's Executors Account.
Ans: Amount payable to Raju's Executors: 1.10.000)
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