Dear Student Naveen's Executors A/c Date Particulars Amount (in Rs) Date Particulars Amount (in Rs) 2011-12 30-06-11 Bank A/c 2,800 30-06-11 Naveen's Capital A/c 34,800 31-03-12 Bal C/d 33,440 31-03-12 Interest 1,440 (32,000 x 6% x 9/12) 36,240 36,240 2012-13 2012-13 30-06-12 Bank A/c 9,920 01-04-12 Bal B/d 33,440 (8,000 + 1,440 + 480) 30-06-12 Interest 480 (32,000 x 6% x 3/12) 31-03-13 Bal C/d 25,080 31-03-13 Interest 1,080 (24,000 x 6% x 9/12) 35,000 35,000 2013-14 2013-14 30-06-13 Bank A/c 9,440 01-04-13 Bal B/d 25,080 (8,000 + 1,080 + 360) 30-06-13 Interest 360 (24,000 x 6% x 3/12) 31-03-14 Bal C/d 16,720 31-03-14 Interest 720 (16,000 x 6% x 9/12) 26,160 26,160 2014-15 2014-15 30-06-14 Bank A/c 8,960 01-04-14 Bal B/d 16,720 (8,000 + 720 + 360) 30-06-14 Interest 240 (16,000 x 6% x 3/12) 31-03-15 Bal C/d 8,360 31-03-15 Interest 360 (24,000 x 6% x 9/12) 17,320 17,320 2015-16 2015-16 30-06-15 Bank A/c 8,480 01-04-15 Bal B/d 8,360 (8,000 + 360 + 120) 30-06-15 Interest 120 (8,000 x 6% x 3/12) 31-03-16 Bal C/d 0 8,480 8,480 Instalment amount = (34,800 - 2,400)/4 = 8,000/- Regards

Plz tell

Plz tell •vcvmuatron account and - '0. Manoj, Naveen and Deepak were partners in a firm sharing profits in ratio Naveen died on 30th June, 201 1, the amount payable to him on account of ms goodwill and share of profit till date of death amounted to *34,800. was decided his executor 2,800 immediately on July 01, 2011 and balance in four equal starting from June 30, 2012 along with interest @ 6% p.a. The firm was closed arch every year. 'u are required to prepare Naveen 's Executor Account till it is closed.

Dear Student

Naveen's Executors A/c
Date	Particulars	Amount (in Rs)	Date	Particulars	Amount (in Rs)
			2011-12
30-06-11	Bank A/c	2,800	30-06-11	Naveen's Capital A/c	34,800
31-03-12	Bal C/d	33,440	31-03-12	Interest	1,440
				(32,000 x 6% x 9/12)

		36,240			36,240

2012-13			2012-13
30-06-12	Bank A/c	9,920	01-04-12	Bal B/d	33,440
	(8,000 + 1,440 + 480)		30-06-12	Interest	480
				(32,000 x 6% x 3/12)
31-03-13	Bal C/d	25,080	31-03-13	Interest	1,080
				(24,000 x 6% x 9/12)

		35,000			35,000


2013-14			2013-14
30-06-13	Bank A/c	9,440	01-04-13	Bal B/d	25,080
	(8,000 + 1,080 + 360)		30-06-13	Interest	360
				(24,000 x 6% x 3/12)
31-03-14	Bal C/d	16,720	31-03-14	Interest	720
				(16,000 x 6% x 9/12)

		26,160			26,160


2014-15			2014-15
30-06-14	Bank A/c	8,960	01-04-14	Bal B/d	16,720
	(8,000 + 720 + 360)		30-06-14	Interest	240
				(16,000 x 6% x 3/12)
31-03-15	Bal C/d	8,360	31-03-15	Interest	360
				(24,000 x 6% x 9/12)

		17,320			17,320

2015-16			2015-16
30-06-15	Bank A/c	8,480	01-04-15	Bal B/d	8,360
	(8,000 + 360 + 120)		30-06-15	Interest	120
				(8,000 x 6% x 3/12)
31-03-16	Bal C/d	0


		8,480			8,480

Instalment amount = (34,800 - 2,400)/4 = 8,000/-

Regards

View Full Answer