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Anu Banu and charan are partners in a firm, sharing profits and losses equally. Their balance sheet as on 31-03-2013 is given below:LiabilitiesCreditorsGeneral ReserveAnu's capital Banu's capitalCharan's capitalRs Rs20,00015,000 10,000RS 15,000 13,00045,00073,000Assets Plant andMachinery Furniture andFixturesStockDebtors InvestmentsCashRs Rs20,0005,000 13,00015,000 10,00010,000 73,000Anu died on 1-7-2013. The partnership deed provides that the representative of the deceased partner shall be entitled to:a) Deceased partner's capital as appearing on the last balance sheet.b) Interest on capital at 6% p.a. c) Share of accured profit, based on the average of last 3 years profit. Profits for thelast 3 years were Rs 65,000, R$ 64,000 and Rs 69,000.d) Share in the general reserve. e) Interest on her drawings amounted to Rs 200.f) Anu's drawings up to the date amounted to Rs 8,000. Ascertained the amount payable to the Anu's executors. |
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Answer» abjajakakksiaajahsuuahajajajakal |
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