Q.13 G, H and I were partners in a firm sharing profits in the ratio of 4:3:3. On March 31, 2006, their Balance Sheet was as follows: Creditors Reserve Capitals G H I Liabilities 1,05,000 85,000 80,000 Balance Sheet As at March 31, 2006 87,000 Buildings 33,000 Machinery 2,70,000 3.90.000 Stock Debtors Cash Assets 1,70,000 1,20,000 40,000 45,000 15,000 3.90,000 H died on June 30,2006. Under the partnership agreement, the executors of a deceased partner were entitled to: (i) Amount standing to the credit of deceased [partner's capital account at the time of death. (ii) Interest on capital @ 12% per annum, (iii) His share of goodwill. The goodwill of the firm on H's death was valued at ` 2,70,000. (iv) His share in the profit till the date of the death on the basis of last year's profit. The profit of the firm for the year ended on March 31, 2006 was 2,40,000. Identify the value involves in the calculation of share of profit of deceased partner. Prepare H's capital account to be rendered to his executors.