Sheeba, a partner in a firm, died on 14th March 2019. The partnership deed stated the executor of the deceased partner is entitled to their capital balance, share of profits until death, and share of revaluation gains/losses. The assets were revalued resulting in gains for land and losses for machinery and stock. Sheeba's executor was entitled to Rs. 2,63,450 which was transferred to a loan account to be paid later. The remaining partners Kuhu and Jigyasa continued business in their new profit sharing ratio.