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Partner's loan a/c or Executor's Loan a/c Board Exam 2025 Class12 Retirement & Death of a Partner instagram Link : https://www.instagram.com/manojsharma... 1. X, Y and Z were in partnership sharing profits and losses equally. Z retired from the firm. After adjustment, his Capital Account shows a credit balance of ₹ 1,00,000 as on 1st April, 2017. Z is to be paid in two equal instalments of 37,500 each including interest @ 10% p.a. on the outstanding balance of each year and the balance including interest in the third year. Prepare Z's Loan Account till he is paid the amount due to him. 2. A, B and C were partners in a firm sharing profits and losses in the ratio of 3:2: 1. C died on 30th June, 2016. After all the necessary adjustments, his Capital Account showed a credit balance of 70,600. C's executor was paid 10,600 on 1st July, 2016 and the balance in three equal yearly instalments starting from 30th June, 2017 with interest @ 10% p.a. on the unpaid amount. The firm closes its books on 31st March every year. Prepare C's Executor's Account till the amount is finally paid. #msacademyaccounts #executorsloanaccount #accountancy maximum permissible discount memorandum of balance sheet past adjustment class 12th printkit limited invited application pro rata realisation account class 12 revaluation account partners.. sacrificing ratio class 12 share balance sheet shares pro rata allotment