Anmol, Kapeesh and Meera were partners in a firm sharing profits and losses in the ratio of $\displaystyle 4$ : $\displaystyle 3$ : 3. The firm closes its books on 31st March every year. On 1st July, $\displaystyle 2025$, Kapeesh died. On that date his capital account showed a credit balance of ₹ $\displaystyle 2,50,000$ and he had withdrawn $\displaystyle 20,000$ till that date for personal use. On the date of Kapeesh's death, the firm had a General Reserve of $\displaystyle 2$' $\displaystyle 90$,000. The partnership deed provided that on the death of a partner, his executors will be entitled to the following : (i) Balance in the capital account and interest on the same @ $\displaystyle 12$% p.a. (ii) His share in the goodwill of the firm. The goodwill of the firm on Kapeesh's death was valued at ₹ $\displaystyle 1,40$,000. (iii) His share in the profits of the firm was to be calculated on the basis of revious year's profit. The profit of the firm for the year ended 31st March, $\displaystyle 2025$ was $\displaystyle 6,00$,000. Prepare Kapeesh's Capital Account to be presented to his executors .

Books of Anmol, Kapeesh and Meera Dr. Kapeesh’s Capital A/c Cr. Date Particulars Amount Date Particulars Amount (₹) (₹) $\displaystyle 2025$ $\displaystyle 2025$ July $\displaystyle 1$ To Drawings A/c $\displaystyle 1$/$\displaystyle 2$ $\displaystyle 20,000$ Apr $\displaystyle 1$ By Balance b/d $\displaystyle 1$/$\displaystyle 2$ $\displaystyle 2,50,000$ July $\displaystyle 1$ To Kapeesh’s Executors $\displaystyle 3,51,500$ July $\displaystyle 1$ By General Reserve A/c $\displaystyle 27,000$ A/c $\displaystyle 1$/$\displaystyle 2$ July $\displaystyle 1$ By Interest on Capital A/c $\displaystyle 7,500$ July $\displaystyle 1$ By P & L Suspense A/c $\displaystyle 45,000$ (share of profit) $\displaystyle 1$/$\displaystyle 2$ July $\displaystyle 1$ By Anmol’s Capital A/c $\displaystyle 24,000$ July $\displaystyle 1$ By Meera’s Capital A/c $\displaystyle 18,000$ $\displaystyle 3,71,500$ $\displaystyle 3,71,500$