Question

per US 37 of Indian Part
2. Sewe use of retirement of partner.)
BATON 13. (Calculation and accounting treatment of amount due to deceased partner)
Band R were partners sharing profits in the ratio of 2:2: 1. The firm coses his boo
ery year. On June 30, 2017, P died. The following information provided on P's death:
Balance in his capital account in the beginning of the year was 76,50,000.
He withdrew 60,000 on May 15, 2017 for his personal use.
On the date of death of a partner, the partnership deed provided for the following:
2) Interest on capital @ 10% per annum.
b) Interest on drawings @ 12% per annum.
share in profit of the firm till the date of death, to be calculated on his basis
et profit on sales of the previous year, which was 25%. The sale of the firm til J
were * 6,00.000
(CBS
repare P's capital account on his death to be presented to his executors.
P's Capital Account
Particulars
Particulars
1​

Answer 1

Answer:

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