CBSE Accountancy 2025 Set 1 Q22 Solved Death of Partner Capital Account скачать в хорошем качестве

CBSE Accountancy 2025 Set 1 Q22 Solved Death of Partner Capital Account

Raja, Bharat and Vedika were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their Balance Sheet as on 31st March, 2024 was as follows : Balance Sheet of Raja, Bharat and Vedika as on 31st March, 2024 Liabilities Amount (₹) Assets Amount (₹) Creditors 80,000 Bank 15,000 General Reserve 50,000 Stock 70,000 Capitals : Debtors 85,000 Raja 1,10,000 Furniture 1,20,000 Bharat 1,00,000 Machinery 1,40,000 Vedika 90,000 3,00,000 4,30,000 4,30,000 Vedika died on 31st July, 2024. According to the partnership deed, her legal representatives are entitled to the following : (i) Balance in her capital account (ii) Interest on capital @ 8% p.a. (iii) Her share in the profit upto the date of death to be calculated on the basis of last year’s profit. Vedika’s share of profit was ₹ 3,000. (iv) Her share of goodwill calculated on the basis of two years purchase of average profits of last three years. The average profit of last three years was ₹ 40,000. Vedika’s drawings upto the date of death were ₹ 12,000. Prepare Vedika’s Capital Account to be rendered to her executors.