Giriija, Yatin and Zubin were partners sharing profits in the ratio 5 : 3 : 2. Zubin died on 1st August, 2015. Amount due to Zubin’s executor after all adjustments was Rs.  90,300. The executor was paid Rs.  10,300 in cash immediately and the balance in two equal annual instalments with interest @ 6% p.a. starting from 31st March, 2017. 

Accounts are closed on 31st March each year. 

Prepare Zubin’s Executors Account till he is finally paid. 

Marks-6, CBSE:2018-19/Main/01/Q-14

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