Question

Soni, Moni and Honey were partners in a firm sharing profits and losses in the ratio of 2:1:2. Their fixed
capitals were * 2,00,000, * 1,50,000 and 2,00,000 respectively. The firm closes its books on 31st March
each year. On 31st March, 2017 Moni died. The executor of deceased partner, according to the
agreement was entitled for the following:
(i) Interest on capital from the first day till the date of his death @ 10% per annum.
(ü) His share of goodwill The goodwill of the firm on Moni's death was valued at 3,00,000.
(iii) His share of profit The profit of the firm for the year ended 31st March, 2017 was 1,50,000.
(iv) Moni's executor was paid the sum due in the two equal annual instalments with interest @ 10% per
annum.
Prepare Moni's Capital Account as on 31st March, 2017 to be presented to his executors and his
Executor's Loan Account for two years.​

Answer 1

Answer:

9000000

Explanation:

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