CA CPT Model Test Paper 8 with solutions for online practice

Rohan, Mohan and Sohan are partners in the firm sharing profits and losses in 5:3:2 ratio. The firm’s balance sheet as on 31.3.2010 shows the reserve balance of Rs. 25,000. Profit of the last year Rs. 1,00,000, joint life policy of Rs. 5,00,000, fixed asset of Rs. 50,00,000. On 1st October, Rohan died and on the same date assets were revalued. The executor of the deceased partner will get........... along with the capital of Rohan