please answer it

please answer it 11. Salma, Sahira and Sajal were partners in a firm sharing profits in the ratio Their Balance Sheet as on March, 2018 was as follows: Liabilities Capital Accounts: Salma Sahira Bank Loan Employees Provident Fund Sundry Creditors 80.000 70,000 25 ,OOO 26 , 000 Sajal's Capital Goodwill Machinery Stock Debtors Bank 36.000 104,000 52,111) 3,011m Sajal died on 30m September 2018. Under the terms of the deed the executor of the deceased partner was entitled to the following: (i) Interest on Capital at 12% p.a. (ii) Share of goodwill on the basis of twice the average of past three year's profits. (iii) The deceased partner will be entitled to his share of profit up to the date of death calculated on the basis of previous year's profit. Profits for the last three years were 2015-2016 2016-2017 2017-2018 36000 54,000 78,000 Complete Sajal's Capital A/c to be rendered to her executors. Particulars Sajal's Capital NC Particulars By By _ 33555 33555

AVERAGE PROFIT = 36000 + 54000 + 78000 = 168000 = 56000
                                                    3                             3
GOODWILL = 2 * 56000 = 112000
SAJAL'S SHARE OF GOODWILL = 2 * 112000 = 24889
                                                          9
P/L SUSPENSE = 2 * 78000 * 6  = 8667
                              9                12

SALMA'S CAPITAL A/C          DR    14224
SAHIRA'S CAPITAL A/C         DR    10665
TO SAJAL'S CAPITAL A/C                           24889

P/L SUSPENSE A/C               DR    8667
TO SAJAL'S CAPITAL A/C                        8667

SALMA'S CAPITAL A/C           DR     16000
SAHIRA'S CAPITAL A/C         DR      12000
SAJAL'S CAPITAL A/C            DR       8000
TO GOODWILL                                              36000


                            SAJAL'S CAPITAL A/C
PARTICULARS                            AMOUNT    PARTICULARS                  AMOUNT
TO BALANCE B/D                          22,000         BY SALMA                          14,224
TO GOODWILL                                8,000         BY SAHIRA                         10,665
TO SAJAL'S EXECUTOR A/C         3,556         BY P/L SUSPENSE A/C       8,667  
                                                       33,556                                                     33,556  
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