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Date Particulars CASH ACCOUNT J.F. 14.2009 To Balance Wild Rs. Date 10,000 30.6.2009 31.3.2010 Particulars J.E. By O's Executor Ad To Balance cld To Balance Wa 10.000 5.000 29 Shr ILLUSTRATION 37 (Death of a Partner) M. B and A were partners sharing profits in the 2:2:1 Their Balance Sheet as at 31.3.2010 was as under BALANCE SHEET as at 31.3.2010 Liabilities Rs. Assets Gencral Reserve 28.000 Casb M's Capital 30,000 Debtors By Capital 20.000 Stock A's Capital 10.000 Land & Building Creditors 25.000 Motor Vehicle Bills Payable 17.000 Goodwill 1.30,000 B died on 15 June, 2010, According to the deed, his legal representatives were entitled to fal Balance in Capital Al tb) Share of goodwill valued on the basis of thrice the average profits for the past completed years. It was decided not to show goodwill in the books of the reconsti firm te) Share in profits upto the date of death on the basis of average profile for the completed years di Interest on capital 18% pa Profits for the years 2006-07 2007-08, 2008-09 and 2009-10 respectively R 50.000 Rs 5,000 R 40.000 R 52.000 respectively. The first sehidle but it was not recorded in the beat till date 1:20.000 Calculate the capable de pres