Chandni, Bhanu and Garima were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. The firm closes its books on 31st March every…

In the books of Chandni, Bhanu and Garima Dr. Chandni’s Capital A/c Cr. Particulars Amount(₹) Particulars Amount(₹) To Chandni’s Executor’s A/c $\displaystyle 5,17,500$ By Balance b/d $\displaystyle 3,00,000$ By General Reserve A/c $\displaystyle 30,000$ By Interest on capital A/c $\displaystyle 15,000$ $\displaystyle 36,000$ By Bhanu’s capital A/c $\displaystyle 24,000$ By Garima’s capital A/c $\displaystyle 1,12,500$ By Profit and Loss SuspenseA/c $\displaystyle 5,17,500$ $\displaystyle 5,17,500$