Amish, Bindu and Chandni were partners in a firm sharing profits and losses in the ratio of 2:2:1. Amish died on 31st December, 2023. After all…

Dr. Anish’s Executors Account Cr. Date Particulars Amount Date Particulars Amount (₹) (₹) $\displaystyle 2023$ $\displaystyle 2023$ Dec. $\displaystyle 31$ To Bank/ Cash A/c $\displaystyle 1,00,000$ Dec. $\displaystyle 31$ By Anish’s Capital A/c $\displaystyle 5,00,000$ $\displaystyle 2024$ $\displaystyle 2024$ Mar $\displaystyle 31$ To Balance c/d $\displaystyle 4,12,000$ Mar $\displaystyle 31$ By Interest A/c $\displaystyle 12,000$ $\displaystyle 5,12,000$ $\displaystyle 5,12,000$ $\displaystyle 2024$ $\displaystyle 2024$ Dec.31 To Bank/ Cash A/c $\displaystyle 2,48,000$ April $\displaystyle 1$ By Balance b/d $\displaystyle 4,12,000$ $\displaystyle 2025$ Dec.31 By Interest A/c $\displaystyle 36,000$ Mar $\displaystyle 31$ To Balance c/d $\displaystyle 2,06,000$ $\displaystyle 2025$ Mar $\displaystyle 31$ $\displaystyle 6,000$ By Interest A/c $\displaystyle 4,54,000$ $\displaystyle 4,54,000$ $\displaystyle 2025$ $\displaystyle 2025$ Dec. $\displaystyle 31$ To Bank/ Cash A/c $\displaystyle 2,24,000$ April $\displaystyle 1$ By Balance b/d $\displaystyle 2,06,000$ Dec. $\displaystyle 31$ By Interest A/c $\displaystyle 18,000$ $\displaystyle 2,24,000$ $\displaystyle 2,24,000$