$A,B$ and $C$ were partners sharing profits in the ratio of $3$:$2$:$1.$ The firm had insured the partner lives separately, A for Rs $60,000,B$ for Rs $30,000$ and $C$ for Rs $24,000.$ Premiums paid have been eharged to $P$&$L\frac{A}{c},$ which is prepared annually on ${31}^{?}$ December.

B died on ${31}^{51}$ March, $1994.$ On this date surrender value of the policies are $\frac{1}{4}$ of the amount of the policy. Under the partnership deed, the executors of the deceased partner are entitled to:

$($i$)$ His capital as per Balance Sheet.

$($ii$)$ Interest on capital $($a$)10\%$ p$.$a$.$ upto the date of death.

$($iii$)$ His share of profit to the date of death, calculated on the basis of last's year profit.

$($iv$)$ His share of insurance money.

B$\text{'}$s capital on ${31}^{st}$ Dec, $1993$ was Rs $40,000$ and in $1994$ he has withdrawn Rs $1,200$ per month at the beginning of each month. Interest on drawings is to be charged @ $10\%$ p$.$a$.$ Last year's profit was Rs $24,000.$ Prepare B$\text{'}$s Account to be renders to his executors.

Answer: $-$ Amount payable to B$\text{'}$s executors Rs $56,340.$