Shobha, Kalyani and Kaveri were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : $\displaystyle 5$ : 2. The firm closes its books on 31st March every year. On 30th June, $\displaystyle 2024$ Kalyani died. On that date, her capital account showed a credit balance of ₹ $\displaystyle 3,00$,000. On the same date the firm had a General Reserve of $\displaystyle 1$ , $\displaystyle 20$,000. The partnership deed provided for the following on the death of a partner : (i) Balance in her capital account. (ii) Interest on capital @ $\displaystyle 12$% p.a. (iii) Her share in the profits of the firm till the date of her death calc lated on the basis of revious ear's refits. The refit of the firm for the year ended 31st March, $\displaystyle 2024$ was $\displaystyle 2,80$,000. (iv) Her share in the goodwill of the firm. The goodwill of the firm on Kalyani's death was valued at ₹ $\displaystyle 4,00$,000. Prepare Kalyani 's Capital Account to be presented to her executors.

In the books of Shobha, Kalyani and Kaveri Dr. Kalyani’s Capital A/c Cr. Particulars Amount(₹) Particulars Amount(₹) To Kalyani’s Executor’s A/c $\displaystyle 6,04,000$ By Balance b/d ½ $\displaystyle 3,00,000$ ½ By General Reserve A/c ½ $\displaystyle 60,000$ $\displaystyle 9,000$ By Interest on capital A/c ½ $\displaystyle 1,20,000$ By Shobha’s capital A/c ½ $\displaystyle 80,000$ By Kaveri’s capital A/c ½ $\displaystyle 35,000$ By Profit and Loss SuspenseA/c $\displaystyle 1$ $\displaystyle 6,04,000$ $\displaystyle 6,04,000$