Dear Student, David's Capital Account Dr Cr Particulars Amount Rs Particulars Amount Rs Drawings 2,000 Balance b/d 20,000 Interest on drawings 75 Salary(1,600×9) 14,400 David's Executors A/c 41,475 Interest on capital 900 P&L Suspense 2,250 Vinod's Capital 3,000 Mirdul's Capital 3,000 43,550 43,550 Note: Interest on capital=20,000×6×9100×12= Rs 900Interset on drawings=2,000×5×9100×12= Rs 75P&L Suspense=9,000×9×112×3= Rs 2,250Average Profit=21,200-3,200+9,0003= Rs 9,000Goodwill=9,000×2= Rs 18,000David 's share=18,000×13= Rs 6,000 Regards

solution.

Dear Student,

David's Capital Account
Dr.				Cr.
Particulars	Amount Rs	Particulars	Amount Rs

Drawings	2,000	Balance b/d	20,000
Interest on drawings	75	Salary(1,600 $\times$ 9)	14,400
David's Executors A/c	41,475	Interest on capital	900
		P&L Suspense	2,250
		Vinod's Capital	3,000
		Mirdul's Capital	3,000

	43,550		43,550

Note:

I n t e r e s t o n c a p i t a l = \frac{20, 000 \times 6 \times 9}{100 \times 12} = R s . 900 I n t e r s e t o n d r a w i n g s = \frac{2, 000 \times 5 \times 9}{100 \times 12} = R s . 75 P & L S u s p e n s e = \frac{9, 000 \times 9 \times 1}{12 \times 3} = R s . 2, 250 A v e r a g e P r o f i t = \frac{21, 200 - 3, 200 + 9, 000}{3} = R s . 9, 000 G o o d w i l l = 9, 000 \times 2 = R s . 18, 000 D a v i d' s s h a r e = 18, 000 \times \frac{1}{3} = R s . 6, 000

Regards

-1

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