Chandni, Bhanu and Garima were partners in a firm sharing profits and losses in the ratio of $\displaystyle 5$ : $\displaystyle 3$ : 2. The firm closes its books on 31st March every year. On 1st October, $\displaystyle 2024$, Chandni died. On that date her capital account showed a credit balance of $\displaystyle 3,00$,000. On the date of Cha ndni's death, the firm had a general reserve of $\displaystyle 60$,000. The partnership deed provided that on the death of a partner, her representatives will be entitled to the following : (i) Balance in the capital account and interest on the same @ $\displaystyle 10$% p.a. (ii) Her share in the goodwill of the firm. The goodwill of the firm on Chandni's death was valued at ₹ $\displaystyle 1,20$,000. (iii) Her share in the profits of the firm to be calculated on the basis of th revious ear's refit. The refit of the firm for the year ended 31st March, $\displaystyle 2024$ was $\displaystyle 4,50$,000. Prepare Chandni's Capital Account to be presented to her executors.

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 ½ $\displaystyle 3,00,000$ $\displaystyle 30,000$ ½ By General Reserve A/c½ $\displaystyle 15,000$ By Interest on capital A/c½ $\displaystyle 36,000$ By Bhanu’s capital A/c½ $\displaystyle 24,000$ By Garima’s capital A/c ½ $\displaystyle 1,12,500$ By Profit and Loss SuspenseA/c $\displaystyle 1$ $\displaystyle 5,17,500$ $\displaystyle 5,17,500$