Lisa, Monika and Nisha are partners in a firm sharing profits and losses in the ratio of 2:2:1. Their capital A/c stood at ₹50,000, ₹50,000, and ₹25,000 respectively. Monika died and the balance in the reserve on that date was ₹15,000. If the goodwill of the firm is ₹30,000 and the profit on revaluation is ₹7,050. What amount will be transferred to Monika's executor account?

₹70,820

Reserve and revaluation profit is distributed between partners in their old ratio.
Monika share in reserve = 15000 x 2/5
                                            = ₹6000
Monika share in revaluation = 7050 x 2/5
                                            = ₹2820
Monika share in goodwill = 30000 x 2/5
                                        = ₹12000
Monika Capital A/c balance = ₹50000
Total amount due to Monika = 6000 + 2820 + 12000 + 50000
                                            = ₹70820
This amount will be transferred to Monika's executor account due to his death.