Book Keeping & Accountancy complete the table

Prem, Verma, Sharma were partners sharing profits and losses in the ratio 2 : 1 : 1 Their Balance sheet as on 31st March 2019 is as follows.

Balance Sheet as on 31st March 2019
Liabilities	Amt ₹	Assets	Amt ₹
Creditors	20,000	Premises	2,40,000
Bank Loan	90,000	Debtors	2,00,000
Bill Payable	10,000	Furniture	60,000
General Reserve	64,000	Stock	1,00,000
Capital Account :		Cash	2,00,000
Prem	2,40,000
Verma	2,00,000
Sharma	1,76,000
	8,00,000		8,00,000

1. Prem died on 30th June 2019 and the following adjustments were made Prem’s share of profit is to be calculated on the average profit of the last two years.
2. Prem’s share in the Goodwill of the firm be given him. Goodwill will be valued at three times of the average profits of the last four years. The profits were.
2015-16 ₹ 1,60,000
2016-17 ₹ 1,20,000
2017-18 ₹ 80,000
2018-19 ₹ 40,000
3. Premises be valued at ₹ 2,80,000 and R.D.D. of ₹ 8,000 be created on debtors.
4. Drawing of Prem up to the date of his death were ₹ 15000 per month.
5. Interest on capital is allowed at 10% p.a. and to be charged on drawing at ₹ 4000
6. The amount due to Prem be transferred to his executors loan account.
Prepare : Prem’s Capital Account, Give working of Prem’s share in Goodwill, and Interest on capital.

Ajay, Sanjay and Vijay were partners sharing profits and losses in the proportion to their capital. Their Balance Sheet as on 31st March 2019 was as follows.

Balance Sheet as on 31st March 2019
Liabilities	Amt ₹	Assets		Amt ₹
Capital Account :		Land & Building		80,000
Ajay	60,000	Motor Lorry		40,000
Sanjay	40,000	Debtors	32,000
Vijay	20,000	Less: R. D. D.	4,000	28,000
Creditors	50,000	Furniture		36,000
Outstanding Salary	6,000	Bank		28,000
Reserve Fund	36,000
	2,12,000			2,12,000

Vijay died on 1 st August 2019 and the following adjustments were made.
1. Assets to be revalued as under Land & Building ₹ 88,000, Motor Lorry ₹ 36,000 and Furniture ₹ 34,000
2. All Debtors were good.
3. Goodwill of the firm valued at two times the average profit of the last 4 years profit.
4. Vijay’s share of profit to be calculated on the basis of average profit of last three years.
5. Profit for 4 years were 1st year ₹ 12,000, 2nd year ₹ 24,000, 3rd year ₹ 14,000, 4th year ₹ 22,000
Prepare : 1. Vijay’s Capital Account, showing amount payable to his executor.
2. Give working of Vijay’s share of Goodwill and profit upto the date of his death.

Sonu, Maneka and Karina were partners sharing profits and losses in the ratio 2 : 2 : 1 respectively. Their balance Sheet as on 31st March 2018 was as follows.

Balance Sheet as on 31st March 2018
Liabilities	Amt ₹	Assets		Amt ₹
Capital Account :		Plant & Machinery		50,000
Sonu	40,000	Stock of Goods		50,000
Maneka	40,000	Debtors	22,000
Karina	20,000	Less: R. D. D.	2,500	19,500
Genral Reserve	10,000	Investment		10,000
Creditors	10,000	Cash		500
Bill Payable	6,000
Bank loan	4,000
	1,30,000			1,30,000

Adjustment :
Karina died on 1st Oct 2018 and the adjustment were agreed as per the deed as follows.
1. Plant & Machinery to be valued at ₹ 60,000 and all Debtors were good.
2. Stock of Goods to be reduced by ₹ 3, 000
3. The drawings of Karina up to the date of her death amounted to ₹ 400 per month.
4. Interest on capital was to be allowed at 10% p.a.
5 The deceased partners share of Goodwill is to be valued at 2 years purchased of average profit for last 3 years. The profits were
2015-16 ₹ 15,000
2016-17 ₹ 17,000
2017-18 ₹ 13,000
6. The deceased partners share of profit up to the date of her death should be based on average profit of last two years.
Prepare : Profit & Loss Adjustment A/c , Karina’s capital A/c showing the balance payable to her executors loan account. Working Note for share of Goodwill and Profit up to the date of death.

Rohit, Sachin and Virat were sharing profits and losses in the ratio of 7 : 5 : 4 respectively. Their Balance sheet as on 31st March 2017 was as follows.

Balance Sheet as on 31st March 2017
Liabilities	Amt ₹	Assets	Amt ₹
Capital Accounts :		Stock	17,000
Rohit	23,000	Furniture	18,000
Sachin	15,000	Land & Building	16,000
Virat	12,000	Bank	37,000
Bills Payable	2,000
Creditors	8,000
Bank Loan	12,000
General Reserve	16,000
	88,000		88,000

Mr. Virat died on 30 th June 2017 and the following adjustments were agreed as per deed.
1. Stock, Furniture and Land and Building are to be revalued at ₹ 16, 700, ₹ 16,200, ₹ 30,100 respectively.
2 Virat’s share in goodwill is to be valued from firm’s goodwill which was valued at three times of the average profit of last four years Profit of the last four years : I ₹ 30,000, II ₹ 25,000, III ₹ 25,000, IV ₹ 40,000
3. His Profit up to the death is to be calculated on the basis of profit of last year.
4. Virat was entitled to get a Salary of ₹1200 per month.
5. Interest on capital at 10% p.a. to be allowed
6. Virat’s drawing up to the date of death was ₹ 900 per month.
Prepare : Virat’s Capital Account showing amount payable to his executor. Give working notes for share of Goodwill and Profit.