Anuj, Manoj and Disha were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. On 1st April, 2016, the capitals of the partners were : Rs.  3,00,000; Rs.  2,00,000 and Rs.  1,00,000 respectively. The firm closes its books on 31st March every year. Disha died on 1st July, 2016. 

(a) On Disha’s death the goodwill of the firm was valued at Rs.  30,000. 

(b) Disha’s share of profit till the date of her death was calculated at Rs.  12,000. 

Pass necessary journal entries in the books of the firm for the above on Disha’s Death. 

Marks-3, CBSE:2016-17/Comp-DL/Q-10