CA CPT Model Test Paper 1 with solutions for online practice

A,B,C are partners sharing profits and loss in 5:3:2. The firm's balance sheet as on 31.03.2007 shows Reserve Balance of Rs. 25,000. Profits of the last year Rs. 50,000. Joint Life Policy of Rs. 10,00,000. Fixed, assets of Rs. 12,00,000. On 1st June C died and on same date assets were revalued. The executors of C will get along with capital: