Sudhir, Deepak and Naveen were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. On 31st March, 2022 their Balance Sheet was as under:
Balance Sheet of Sudhir, Deepak and Naveen as at 31st March, 2022
|Sundry Creditors||50,000||Land and Building||2,10,000|
|Sudhir   1,60,000||Advertisement Suspense A/c||1,20,000|
Sudhir died on 30th June, 2022. The partnership deed provided for the following, on the death of a partner:
(i) Goodwill of the firm was to be valued at 2½ years purchase of average profits of the previous four years which were ₹1,80,000.
(ii) Sudhir’s share of profit or loss till the date of death was to be calculated on the basis of sales. Sales for the year ended 31st March, 2022 amounted to ₹4,00,000 and that from 1st April, 2022 to 30th June, 2022 amounted ₹1,50,000. The profit for the year ended 31st March, 2022 was ₹1,00,000.
(iii) Interest on capital was to be provided @ 7% p.a.
Prepare Sudhir’s capital account to be rendered to his executors.