Question

Q. 62. The Balance Sheet of Sindhu, Rahul and Kamlesh, who were sharing
its in the ratio of 3:3 : 4 respectively, as at 31st March, 2020 was as follows:
Hints : B's share of Goodwill *48.000; B's share of profit 16,000.
Tiahilities
₹
Assets
Genreserve
10.000 Cash
Bills Payable
20,000 Stock
Loan
24,000 Investments
Capitals : Sindhu : 1,20,000
Land & Building
Rahul : 1,00,000
Sindhu's loan
Kamlesh: 80,000 3,00,000
3,54,000
Pro
32,000
88,000
94,000
1,20,000
20,000
3,54,000
de
Sindhu died on 31st July 2020. The partnership deed provided for the following on
the death of a partner:
(a) Goodwill of the firm be valued at two year's purchase of average profits
for the last three years which were 80,000.
(b) Sindhu's share of profit till the date of his death was to be calculated on
the basis of sales. Sales for the year ended 31st March, 2020 amounted to
*8,00,000 and that from 1st April to 31st July 2020 3,00,000. The profit
for the year ended 31st March, 2020 was 2,00,000.
(c) Interest on capital was to be provided @ 6% p.a.
Prepare Sindhu's Canital Accoun​

Answer 1

Answer:

who will answer so much

Answer 2

Answer:

1,75,900

Explanation:

Sidhu's Capital Account

Particulars

Amount

Particulars

Amount

To Sindhu's Loan A/c

To Sindhu's Executor's A/c

20,000

1,75,900

By Balance b/d

By General Reserve A/c

By Rahul's Capital A/c (1)

By Kamlesh's Capital A/c (1)

By Profit and Loss Suspense A/c (2)

By Interest on Capital

1,20,000

3,000

20,571

27,429

22,500

2,400



1,95,900



1,95,900