Asha, Ashish and Naman were partners in a firm sharing profits and losses in the ratio of $\displaystyle 2$ : $\displaystyle 5$ : 3. The firm closes its books on 31st March every year. On 31st December, $\displaystyle 2024$ Ashish died. On the date of his death, there was a balance of ₹ $\displaystyle 3,00,000$ in his capital account and ₹ $\displaystyle 2,00,000$ in General Reserve. The partnership deed provided that on the death of a partner, his representatives will be entitled to the following : (i) Balance in the capital account and interest on the same @ $\displaystyle 10$% p.a. (ii) His share in the goodwill of the firm. The goodwill of the firm on Ashish's death was valued at ₹ $\displaystyle 6,00$,000. (iii) His share in the profits of the firm to be calculated on the basis of previous year's profit. The profit of the firm for the year ended 31st March, $\displaystyle 2024$ was $\displaystyle 3,60$,000. Prepare Ashish's Capital Account to be presented to his executors .

In the books of Asha, Ashish and Naman Dr. Ashish’s Capital A/c Cr. Particulars Amount(₹) Particulars Amount(₹) To Ashish’s Executor’s A/c $\displaystyle 8,57,500$ By Balance b/d ½ $\displaystyle 3,00,000$ ½ $\displaystyle 1,00,000$ By General Reserve A/c ½ $\displaystyle 22,500$ By Interest on capital A/c ½ $\displaystyle 1,20,000$ By Asha’s capital A/c ½ $\displaystyle 1,80,000$ By Naman’s capital A/c ½ $\displaystyle 1,35,000$ By Profit and Loss Suspense A/c $\displaystyle 1$ $\displaystyle 8,57,500$ $\displaystyle 8,57,500$