Kindly solve the 3 Part of the question - Accountancy - Reconstitution- Retirement/Death of a Partner

Question

Kindly solve the 3 Part of the question

Kashish Keshwani · Accepted Answer

Dear Student,
Solution of part 3 is -
Formula to Calculate
instalment in this case:
Amount Payable x rate1-(1+Rate)-no
 of years = 60,000 x 12%1-(1+0
12)-4 = 7,2001-(11
12)4 = 19,754/-

Mahendra's Loan
Account

Date
Particulars

Amount (in Rs)

Date
Particulars

Amount (in Rs)

Year 1

Bank
A/c
19,754

Mahinder's Capital
A/c
60,000

Balance
c/d
47,446

Interest
A/c
7,200

(60000 x
12%)

67,200

Year 2

Bank
A/c
19,754

Balance
b/d
47,446

Balance
c/d
33,386

Interest
A/c
5,694

(47446 x
12%)

53,140

Year 3

Bank
A/c
19,754

Balance b/d
33,386

Balance
c/d
17,638

Interest
A/c
4,006

(33385 52 x
12%)

37,392

Year 4

Bank
A/c
19,754

Balance
b/d
17,638

Balance
c/d
0

Interest
A/c
2,117

(17637 7824 x
12%)

19,754

Regards

Mahendra's Loan Account
Date	Particulars	Amount (in Rs)	Date	Particulars	Amount (in Rs)
Year 1			Year 1
	Bank A/c	19,754		Mahinder's Capital A/c	60,000

	Balance c/d	47,446		Interest A/c	7,200
				(60000 x 12%)
		67,200			67,200
Year 2			Year 2
	Bank A/c	19,754		Balance b/d	47,446

	Balance c/d	33,386		Interest A/c	5,694
				(47446 x 12%)
		53,140			53,140

Year 3			Year 3
	Bank A/c	19,754		Balance b/d	33,386

	Balance c/d	17,638		Interest A/c	4,006
				(33385.52 x 12%)
		37,392			37,392

Year 4			Year 4
	Bank A/c	19,754		Balance b/d	17,638

	Balance c/d	0		Interest A/c	2,117
				(17637.7824 x 12%)
		19,754			19,754

Kindly solve the 3. Part of the question