Prepare Vinay's capital account 15. Babul and Vinay were partners. partnership deed provides f-cr:
Profit be divided as Vinay —113 Babul and 116 be tramferted
(b) The are 31 March each year.
In the event Of death Of a partner, the executors Will entitled the following
(D Capital to the credit on date of death.
(iO Interest on capital@120/0 p.a
(im Proportion of pmfit to the date of death based on profit credited 3 years
(iv) Share of grxxlwill on the date of death based aver. profit credited ete 3
following information is provided you:
Babul's capital Vinay's capital cash
704m
Prepare Vinay's A/c to be to his executors he died April f«
the three preceeding years were 48.0m, 42,0 and 45.@
(6)
