P, Q and R were partners in a firm sharing profits in 2 : 2 : 1 ratio. The Partnership Deed provided that on the death of a partner his executors will be entitled to the following: (a) Interest on Capital @ 12% p.a. (b) Interest on Drawings @ 18% p.a. (c) Salary of ₹ 12,000 p.a. (d) Share in the profit of the firm(up to the date of death) on the basis of previous year’s profit. P died on 31st May, 2108. His capital was ₹ 80,000. He had withdrawn ₹ 15,000 and interest on his drawings was calculated as ₹ 1,200. Profit of the firm for the previous year ended 31st March, 2018 was ₹ 30,000. Prepare P’s Capital Account to be rendered to his executors.

P, Q and R were partners in a firm sharing profits in 2 : 2 : 1 ratio.

1.	P, Q and R were partners in a firm sharing profits in 2 : 2 : 1 ratio. The Partnership Deed provided that on the death of a partner his executors will be entitled to the following: (a) Interest on Capital @ 12% p.a. (b) Interest on Drawings @ 18% p.a. (c) Salary of ₹ 12,000 p.a. (d) Share in the profit of the firm(up to the date of death) on the basis of previous year’s profit. P died on 31st May, 2108. His capital was ₹ 80,000. He had withdrawn ₹ 15,000 and interest on his drawings was calculated as ₹ 1,200. Profit of the firm for the previous year ended 31st March, 2018 was ₹ 30,000. Prepare P’s Capital Account to be rendered to his executors.
Answer» TE YOUR ANSWER IS80,000. He had withdrawn ₹ 15,000 and interest on his drawings was calculated as ₹ 1,200. Profit of the firm for the previous year ENDED 31ST MARCH, 2018 was ₹ 30,000.Prepare P’s CapitalHOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️

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