P, Q and R were partners in a water dispenser manufacturing firm. They were sharing profits and losses in the ratio of $\displaystyle 2$ : $\displaystyle 2$ : 1. On $\displaystyle 31$" March, $\displaystyle 2022$, their Balance Sheet was as follows : Balance Sheet of P, Q and R as on $\displaystyle 315$ March, $\displaystyle 2022$ Amount Amount Liabilities Assets R) G) Capitals : Plant and Machinery $\displaystyle 1,25,000$ P $\displaystyle 50,000$ Land and Building $\displaystyle 1,50,000$ Q - $\displaystyle 1,25,000$ Debtors $\displaystyle 40,000$ R - $\displaystyle 1,00,000$ $\displaystyle 2,75,000$ Stock $\displaystyle 35,000$ General Reserve $\displaystyle 1,25,000$ Cash at Bank $\displaystyle 75,000$ Sundry Creditors $\displaystyle 25,000$ $\displaystyle 4,25,000$ $\displaystyle 4,25,000$ Q died on $\displaystyle 30$h June, 2022. According to the partnership deed, his legal representatives were entitled to : (i) Interest on capital @ $\displaystyle 12$% p.a. (ii) ₹ $\displaystyle 12,000$ for his share of Goodwill. (iii) His share of profit till the date of death was to be calculated on the basis of sales. The sales from 1st April, $\displaystyle 2022$ to 30th June, $\displaystyle 2022$ were ₹ $\displaystyle 62$,500. The sales and profits of the firm for the year ending 31st March, $\displaystyle 2022$ was ₹ $\displaystyle 5,00,000$ and ₹ $\displaystyle 1,25,000$ respectively. Prepare Q's Capital Account to be rendered to his legal representatives.

Dr. Q’s Capital Account Cr. Particulars Amount Particulars Amount (`) (`) To Q’s $\displaystyle 1,97,000$ By Balance b/d ($\displaystyle 1$/$\displaystyle 2$) $\displaystyle 1,25,000$ Legal Representatives A/c By General Reserve A/c ($\displaystyle 1$/$\displaystyle 2$) $\displaystyle 50,000$ ($\displaystyle 1$/$\displaystyle 2$) By Interest on Capital A/c ($\displaystyle 1$/$\displaystyle 2$) $\displaystyle 3,750$ By P’s Capital A/ ($\displaystyle 1$/$\displaystyle 2$) $\displaystyle 8,000$ By R’s Capital A/c ($\displaystyle 1$/$\displaystyle 2$) $\displaystyle 4,000$ By P&L Suspense A/c ($\displaystyle 1$) $\displaystyle 6,250$ $\displaystyle 1,97,000$ $\displaystyle 1,97,000$ Working Notes • Interest on Q’s Capital = $\displaystyle 1,25,000$ x $\displaystyle 12$/$\displaystyle 100$ x $\displaystyle 3$/$\displaystyle 12$ = `$\displaystyle 3,750$ • Q’s Share of Profit = $\displaystyle 1,25,000$ x $\displaystyle 62,500$ x $\displaystyle 2$ = `$\displaystyle 6,250$ $\displaystyle 5,00,000$ $\displaystyle 5$