Pls prepare partners capital account in the following question - Accountancy - Reconstitution- Retirement/Death of a Partner

Question

Pls prepare partners capital account in the following question

Nitin Verma · Accepted Answer

Dear Student,
Dear Student,

Sakshi's Capital
Account

Dr

Cr

Particulars
Amount
Rs
Particulars
Amount
Rs

Sakshi's Executors A/c
4,88,000
Balance b/d
1,00,000

Reserve fund
60,000

Manika's Capital A/c
1,50,000

Nistha's Capital A/c
1,50,000

Interest on capital
3,000

P&L Suspense A/c
25,000

4,88,000

Note:

Goodwill=5,00,000×3×=Rs
 15,00,000Share= 15,00,000×15= Rs
 3,00,000interest on capital=1,00,000×12×3100×12= Rs
 3,000p&l suspense=5,00,000×3×112×5= Rs
 25,000

Regards

Sakshi's Capital Account
Dr.				Cr.
Particulars	Amount Rs	Particulars	Amount Rs

Sakshi's Executors A/c	4,88,000	Balance b/d	1,00,000
		Reserve fund	60,000
		Manika's Capital A/c	1,50,000
		Nistha's Capital A/c	1,50,000
		Interest on capital	3,000
		P&L Suspense A/c	25,000

	4,88,000		4,88,000