CBSE 2026 · Region 3 · Set 3 · Q17

Tanvi, Manvi and Noori were partners in a firm sharing profits and losses in the ratio of $\displaystyle 5$ : $\displaystyle 3$ : 2. On 1st April, $\displaystyle 2025$, their capitals were $\displaystyle 8,00,000$; ₹ $\displaystyle 6,00,000$ and ₹ $\displaystyle 4,00,000$ respectively. The firm closes its books on 31st March every year. Tanvi died on 30th September, 2025. The partnership deed provides that in the event of death of a partner, his/her legal representatives will be entitled to the following : (i) Interest on capital @ $\displaystyle 9$% p.a. (ii) Her share in the profits of the firm till the date of her death. Till 30th September, $\displaystyle 2025$ Tanvi had withdrawn ₹ $\displaystyle 1,00,000$ for personal use and interest on drawings @ $\displaystyle 12$% p.a. is to be charged. Her share in the profits of the firm was calculated on the basis of last year's profit. Last year's profit amounted to ₹ $\displaystyle 3,60$,000. Prepare Tar vi's Capital Account to be pre sented to her legal representatives.