its urgent plz send me answer uxecutors: 1, 13,200)
4. X. Y and Z are partner's sharing profits and losses in the ratio of Their capital
balances on 01.04.2017 stood at 90,000, 60,000 and 40,000 respectively. Mr.
Y died on 01.01.2018 partnership deed provides the following:
a. Interest on capital at 10% p.a.
b. Salary to Y, 2,000 per month.
c. Y's share of Goodwill
d. His share of profit up to the date of death on the basis of previous year's profit.
i. Total good will of the firm is 54,000
ii. Profit of the firm for the year 2016-17 is
You are required to ascertain the amount payable to Executors of Y by preparing
Executor's Account.
(Ans: Amount payable to Executor of Mr.Y: 1, 13,100)
