`16.Furka Tanmay and Barkat were partners in a firm and shared profits in the ratio of 3: 2: 1.Were . The firm closed its accounts on 31 March each year. Tanmay on July 31 2019OfThe deathhappened. The following was payable to his executor:His capital ₹ 6 00 000 and his share in fame. Firm's reputationThe valuation was ₹ 96 000.Its share in profit according to the partnership agreement calculated for the last 3 yearsWill be based on average profit. Average profit of last 3 years ₹ 78 000(ii)Was.(iii) hisPayment of ₹ 95 000 by check to Tanmay's executors at the time of his deathAnd the balance was transferred to his executors loan account.Necessary logos for the above mentioned transactions in the firm's books on Tanmay's deathMake entries4`p

`16.Furka Tanmay and Barkat were partners in a firm and shared profits

1.	`16.Furka Tanmay and Barkat were partners in a firm and shared profits in the ratio of 3: 2: 1.Were . The firm closed its accounts on 31 March each year. Tanmay on July 31 2019OfThe deathhappened. The following was payable to his executor:His capital ₹ 6 00 000 and his share in fame. Firm's reputationThe valuation was ₹ 96 000.Its share in profit according to the partnership agreement calculated for the last 3 yearsWill be based on average profit. Average profit of last 3 years ₹ 78 000(ii)Was.(iii) hisPayment of ₹ 95 000 by check to Tanmay's executors at the time of his deathAnd the balance was transferred to his executors loan account.Necessary logos for the above mentioned transactions in the firm's books on Tanmay's deathMake entries4`p
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