Sunny, Honey and Rupesh were partners in a firm. On 31st March, 2014, their Balance Sheet was as follows: Honey died on 31st December, 2014. The Partnership Deed provided that the representative of the deceased partner shall be entitled to: (a) Balance in the Capital Account of the deceased partner. (b) Interest on Capital @ 6% per annum up to the date of his death. (c) His share in the undistributed profits or losses as per the Balance Sheet. (d) His share in the profits of the firm till the date of his death, calculated on the basis of rate of net profit on sales of the previous year. The rate of net profit on sales of previous year was 20%. Sales of the firm during the year till 31st December, 2014 was ₹ 6,00,000. Prepare Honey’s Capital Account to be presented to his executors.

Sunny, Honey and Rupesh were partners in a firm. On 31st March, 2014,

1.	Sunny, Honey and Rupesh were partners in a firm. On 31st March, 2014, their Balance Sheet was as follows: Honey died on 31st December, 2014. The Partnership Deed provided that the representative of the deceased partner shall be entitled to: (a) Balance in the Capital Account of the deceased partner. (b) Interest on Capital @ 6% per annum up to the date of his death. (c) His share in the undistributed profits or losses as per the Balance Sheet. (d) His share in the profits of the firm till the date of his death, calculated on the basis of rate of net profit on sales of the previous year. The rate of net profit on sales of previous year was 20%. Sales of the firm during the year till 31st December, 2014 was ₹ 6,00,000. Prepare Honey’s Capital Account to be presented to his executors.
Answer» TE YOUR ANSWER ISc) His share in the undistributed PROFITS or losses as per the Balance SHEET.(d) His share in the profits of the firm till the date of his death, calculated on the basis of RATE of NET profit on sales of the previous YEAR. The rateHOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️FOLLOW ME

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