Rohit, Mohit and Sandeep were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 1st April, 2020, Rohit retired. On the date…

Dr. Rohit’s Loan A/c Cr. Date Particulars Amount Date Particulars Amount $\displaystyle 2021$ $\displaystyle 2020$ March $\displaystyle 31$ To Bank A/c $\displaystyle 2,04,000$ April $\displaystyle 1$ By Rohit’s Capital $\displaystyle 6,00,000$ $\displaystyle 2021$ A/c March $\displaystyle 31$ To Balance c/d $\displaystyle 4,50,000$ March $\displaystyle 31$ By Interest A/c $\displaystyle 54,000$ $\displaystyle 6,54,000$ $\displaystyle 6,54,000$ $\displaystyle 2022$ $\displaystyle 2021$ March $\displaystyle 31$ To Bank A/c $\displaystyle 1,90,500$ April $\displaystyle 1$ By Balance b/d $\displaystyle 4,50,000$ $\displaystyle 2022$ March $\displaystyle 31$ To Balance c/d $\displaystyle 3,00,000$ March $\displaystyle 31$ By Interest A/c $\displaystyle 40,500$ $\displaystyle 4,90,500$ $\displaystyle 4,90,500$ $\displaystyle 2023$ $\displaystyle 2022$ March $\displaystyle 31$ To Bank A/c $\displaystyle 1,77,000$ April $\displaystyle 1$ By Balance b/d $\displaystyle 3,00,000$ $\displaystyle 2023$ March $\displaystyle 31$ To Balance c/d $\displaystyle 1,50,000$ March $\displaystyle 31$ By Interest A/c $\displaystyle 27,000$ $\displaystyle 3,27,000$ $\displaystyle 3,27,000$ $\displaystyle 2024$ $\displaystyle 2023$ March $\displaystyle 31$ To Bank A/c $\displaystyle 1,63,500$ April $\displaystyle 1$ By Balance b/d $\displaystyle 1,50,000$ $\displaystyle 2024$ March $\displaystyle 31$ By Interest A/c $\displaystyle 13,500$ $\displaystyle 1,63,500$ $\displaystyle 1,63,500$