A, B and C were partners in a firm. A died on 31.3.2018 and the Balance Sheet of the firm on that date was as under : 

Balance Sheet of A, B and C as at 31.3.2018 

Liabilities 

Amount (Rs.) 

Assets 

Amount (Rs.) 

Creditors 

7,000 

Cash at Bank 

12,000 

General Reserve 

9,000 

Debtors 

32,000 

Workmen Compensation Fund 

10,000 

Furniture 

30,000 

Profit & Loss Account 

6,000 

Plant 

40,000 

Capital 

 

Patents 

8,000 

A     40,000 

 

 

 

B     30,000 

 

 

 

C     20,000  

90,000 

 

 

 

1,22,000 

 

1,22,000 

 

On A’s death it was found that patents were valueless, furniture was to be brought down to Rs.  24,000, plant was to be reduced by Rs.  10,000 and there was a liability of Rs.  7,000 on account of workmen’s compensation.  

Pass the necessary journal entries for the above at the time of A’s death. 

Marks-4, CBSE:2018-19/Main/05/Q-12