Rosy, Golu and Sonu were partners in a firm sharing profits and losses equally. On 31st March, $\displaystyle 2023$, Sonu retired. On the date of retirement, ₹ $\displaystyle 2,00,000$ became due to her. Rosy and Golu agreed to pay Sonu in two equal annual instalments plus interest @ $\displaystyle 10$% p.a. on the unpaid balance starting from 31st March, 2024. The firm closes its books on 31st March every year. Prepare Sonu's Loan Account till it is fully paid.

Books of Rosy, Golu and Sonu Dr. Sonu’s Loan A/c Cr. Date Particulars Amount Date Particulars Amount (₹) (₹) $\displaystyle 2023$ $\displaystyle 2023$ March $\displaystyle 31$ To Balance c/d $\displaystyle 2,00,000$ March $\displaystyle 31$ By Sonu’s Capital A/c $\displaystyle 2,00,000$ $\displaystyle 2,00,000$ $\displaystyle 2,00,000$ $\displaystyle 2024$ $\displaystyle 2023$ March $\displaystyle 31$ To Bank/ Cash A/c $\displaystyle 1,20,000$ April $\displaystyle 1$ By Balance b/d $\displaystyle 2,00,000$ $\displaystyle 2024$ March $\displaystyle 31$ To Balance c/d $\displaystyle 1,00,000$ March $\displaystyle 31$ By Interest A/c $\displaystyle 20,000$ $\displaystyle 1$/$\displaystyle 2$ $\displaystyle 1$/$\displaystyle 2$ $\displaystyle 2,01,600$ $\displaystyle 2,01,600$ $\displaystyle 2025$ $\displaystyle 2024$ March $\displaystyle 31$ To Bank / Cash A/c $\displaystyle 1,10,000$ April $\displaystyle 1$ By Balance b/d $\displaystyle 1,00,000$ $\displaystyle 2025$ March $\displaystyle 31$ By Interest A/c $\displaystyle 10,000$ $\displaystyle 1,10,000$ $\displaystyle 1,10,000$