Question

pavan, Madan, and Suman were partners sharing profits and loss in the ratio 2:1:1. Their balance sheet as on 31.3.2017 was as under:
Balance Sheet as on 31-03-2017
Liabilities Assets
Sundry Cash 6000
Creditors 25,000
Reserve Fund 20,000 Stock 12000
Capitals Debtors15000
Pavan 15,000 Invest 15000
ments
Madan 10,000 Buildings32000
Suman 10,000
35,000
80,000 80000
the partnership deed provides that in the event of death of a partner is executors entitled to get the followings
a) the capital at the date of last balance sheet
b) his proportion of Reserve fund c) his share of profit to the date of death based on the average profit of the last three years profits.

d) his share of goodwill Goodwill of the form is twice the average profit of last 3 years profits the profits for the last three years word 2014-15 ₹16000 2015 - 16 rupees 16000 and 2016 -17 ₹15520.
Suman died on July 1st 2017 he had also withdrawn ₹ 5,000 till the date of his death ​

Answer 1

Revaluation account

partners capital account

balance sheet

Answer 2

suman capital account and executors account