Gopal, Heera and Iqbal were partners in a firm sharing profits and losses equally. Iqbal died on 1st April, 202 2. Final dues payable to Iqbal's…

Dr. Iqbal’s Executor’s Account Cr. Date Particulars ₹ Date Particulars ₹ $\displaystyle 2023$ $\displaystyle 2022$ March $\displaystyle 31$ To Bank A/c $\displaystyle 2,40,000$ April $\displaystyle 1$ By Iqbal’s Capital A/c $\displaystyle 4,00,000$ ” To balance c/d $\displaystyle 2,00,000$ $\displaystyle 2023$ March $\displaystyle 31$ By Interest A/c $\displaystyle 40,000$ $\displaystyle 4,40,000$ $\displaystyle 4,40,000$ $\displaystyle 2024$ $\displaystyle 2023$ March $\displaystyle 31$ To Bank A/c $\displaystyle 2,20,000$ April $\displaystyle 1$ By balance b/d $\displaystyle 2,00,000$ $\displaystyle 2024$ March $\displaystyle 31$ By Interest A/c $\displaystyle 20,000$ $\displaystyle 2,20,000$ $\displaystyle 2,20,000$