Balance Sheet of Madhav, Raghav, and Purav as at 31st March, 2023:
\[
\begin{array}{|l|c|}
\hline
\textbf{Liabilities} & \textbf{Amount (Rs.)} \\
\hline
\text{Creditors} & 1,00,000 \\
\text{General Reserve} & 50,000 \\
\text{Capitals:} & \\
\text{Madhav} & 60,000 \\
\text{Raghav} & 1,00,000 \\
\text{Purav} & 40,000 \\
\hline
\textbf{Total Liabilities} & \textbf{3,50,000} \\
\hline
\textbf{Assets} & \textbf{Amount (Rs.)} \\
\hline
\text{Bank} & 20,000 \\
\text{Stock} & 1,10,000 \\
\text{Investment} & 70,000 \\
\text{Furniture} & 35,000 \\
\text{Building} & 1,15,000 \\
\hline
\textbf{Total Assets} & \textbf{3,50,000} \\
\hline
\end{array}
\]
Purav’s Capital Account:
\[
\begin{array}{|l|c|c|}
\hline
\textbf{Particulars} & \textbf{Dr. Amount (Rs.)} & \textbf{Cr. Amount (Rs.)} \\
\hline
\text{To Drawings A/c} & 10,000 & \\
\text{To Purav’s Legal Representative A/c} & 75,400 & \\
\hline
\text{By Balance b/d} & & 40,000 \\
\text{By Profit Share} & & 3,000 \\
\text{By Goodwill (50,000 × 3 × \frac{1}{5})} & & 30,000 \\
\text{By Interest on Capital (40,000 × 12% × 6/12)} & & 2,400 \\
\hline
\textbf{Total} & \textbf{85,400} & \textbf{85,400} \\
\hline
\end{array}
\]