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Question 46 Chapter 6 - Class 12 Part 1 Unimax
46. A, B and C were partners in a firm sharing profits in the ratio of 3:2:1. The balance sheet as on 31st March, 2021 was as follows:
| Liabilities | Amount | Assets | Amount |
| Creditors | 4,000 | Building | 20,000 |
| Reserves | 6,000 | Plant and machinery | 16,000 |
| Capital | Stock | 5,100 | |
| A | 24,000 | Debtors | 6,000 |
| B | 12,000 | Cash | 6,900 |
| C | 8,000 | ||
| 54,000 | 54,000 |
A died on 30.9.2021. Under the partnership agreement the executors of a deceased partner were entitled to:
Prepare A’s capital a/c to be rendered to his executors.
A's capital account
Working note:
A’s share of Goodwill = 8000/3+ 12000/3+ 7000/3 × 4 × 3/6 = ₹ 18000.
End of Solution
The solution to all questions of Chapter No. 6 – Partnership Accounts-IV (Retirement and Death of the Partner) Class 12 Unimax is shown as follows, click on the image of the question to get the solution.
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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