31 31 34.500 34,500 2011 12 Sep 30 Bank 15.900 2011- 12 16,800 April Balance bd 01 Sep. Interest 30 16.800 (15,000+900+900) 900 16,800 Following is the Balance Sheet of Prateek. Rockey and Kushal as on March 31, 2007. Books of Prateek, Rockey and Kushal n 42 Balance Sheet as on March 31, 2007 Amount Amount Liabilities Sundry Creditors General Reserve Capital Accounts: Prateek Rockey Kushal Rs Assets 16,000 Bills Receivable 16,000 Furniture Stock Sundry Debtors Cash at Bank 70.000 Cash in Hand 1,02,000 Rs 16,000 22.600 20,400 22.000 18.000 3.000) 1.02.000 30,000 20,000 20,000 Rockey died on June 30, 2007. Under the terms of the partnership deed. the executors of a deceased partner were entitled to: a) Amount standing to the credit of the Partner's Capital account. b) Interest on capital at 5% per annum. c) Share of goodwill on the basis of twice the average of the past three years' profit and d) Share of profit from the closing date of the last financial year to the date of death on the basis of last year's profit. Profits for the year ending on March 31, 2005, March 31, 2006 and March 31, 2007 were Rs 12,000, Rs 16,000 and Rs 14.000 respectively. Profits were shared in the ratio of capitals. Pass the necessary journal entries and draw up Rockey's capital account to be rendered to his executor