Gautama, Kunal and Abhay were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$:$\displaystyle 2$:2. On $\displaystyle 315$* July, $\displaystyle 2023$, Gautama died. After all necessary adjustments, Gautama's capital account showed a credit balance of ₹ $\displaystyle 7,00$,000. On 1st August, $\displaystyle 2023$ Gautam's executors were paid ₹ $\displaystyle 1,00,000$ in cash and the balance was to be paid in two equal yearly instalments starting from 31st July, $\displaystyle 2024$, with interest @ $\displaystyle 6$% p.a. on the unpaid amount. The firm closes its books on 31st March every year. Prepare Gautam's Executors Account till the amount is finally paid.

Dr. Gautam’s Executors Account Cr. Date Particulars Amount Date Particulars Amount (₹) (₹) $\displaystyle 2023$ $\displaystyle 2023$ Aug $\displaystyle 1$ To Bank/Cash A/c $\displaystyle 1,00,000$ Jul $\displaystyle 31$ By Gautam’s Capital A/c $\displaystyle 7,00,000$ ½ ½ $\displaystyle 2024$ $\displaystyle 2024$ Mar $\displaystyle 31$ To Balance c/d ½ $\displaystyle 6,24,000$ Mar $\displaystyle 31$ By Interest A/c ½ $\displaystyle 24,000$ $\displaystyle 7,24,000$ $\displaystyle 7,24,000$ $\displaystyle 2024$ $\displaystyle 2024$ Jul $\displaystyle 31$ To Bank/Cash A/c $\displaystyle 3,36,000$ Apr $\displaystyle 1$ By Balance b/d ½ $\displaystyle 6,24,000$ Jul $\displaystyle 31$ By Interest A/c ½ $\displaystyle 12,000$ $\displaystyle 2025$ $\displaystyle 2025$ Mar $\displaystyle 31$ To Balance c/d ½ $\displaystyle 3,12,000$ Mar $\displaystyle 31$ By Interest A/c ½ $\displaystyle 12,000$ $\displaystyle 6,48,000$ $\displaystyle 6,48,000$ $\displaystyle 2025$ $\displaystyle 2025$ Jul $\displaystyle 31$ To Bank/Cash A/c $\displaystyle 3,18,000$ Apr $\displaystyle 1$ By Balance b/d ½ $\displaystyle 3,12,000$ Dec $\displaystyle 31$ By Interest A/c ½ $\displaystyle 6,000$ $\displaystyle 3,18,000$ $\displaystyle 3,18,000$